NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 92.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,107 shares of the computer hardware maker's stock after selling 602,649 shares during the quarter. Brevan Howard Capital Management LP's holdings in NVIDIA were worth $6,997,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of NVIDIA by 11.9% in the 4th quarter. GAMMA Investing LLC now owns 397,922 shares of the computer hardware maker's stock valued at $53,437,000 after acquiring an additional 42,213 shares during the period. NRI Wealth Management LC acquired a new stake in NVIDIA during the 4th quarter valued at $12,207,000. Waller Financial Planning Group Inc. grew its holdings in NVIDIA by 4.6% during the 4th quarter. Waller Financial Planning Group Inc. now owns 4,024 shares of the computer hardware maker's stock worth $540,000 after acquiring an additional 177 shares in the last quarter. jvl associates llc grew its holdings in NVIDIA by 1.0% during the 4th quarter. jvl associates llc now owns 10,652 shares of the computer hardware maker's stock worth $1,430,000 after acquiring an additional 105 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in NVIDIA by 15.3% during the 4th quarter. Nordea Investment Management AB now owns 34,432,573 shares of the computer hardware maker's stock worth $4,703,145,000 after acquiring an additional 4,561,284 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 1.2%

Shares of NVDA opened at $131.29 on Friday. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.21 trillion, a PE ratio of 51.67, a P/E/G ratio of 1.76 and a beta of 2.11. The business's 50-day moving average price is $113.89 and its 200-day moving average price is $126.81.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is presently 1.36%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NVDA shares. Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Truist Financial lifted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DA Davidson reduced their price target on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $167.53.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by corporate insiders.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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