Caisse DE Depot ET Placement DU Quebec Has $1.78 Billion Holdings in NVIDIA Co. (NASDAQ:NVDA)

Caisse DE Depot ET Placement DU Quebec lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,255,305 shares of the computer hardware maker's stock after selling 3,811,631 shares during the period. NVIDIA accounts for about 3.7% of Caisse DE Depot ET Placement DU Quebec's portfolio, making the stock its 4th biggest holding. Caisse DE Depot ET Placement DU Quebec owned about 0.05% of NVIDIA worth $1,780,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA stock traded down $1.54 during mid-day trading on Friday, hitting $131.29. 198,282,939 shares of the stock were exchanged, compared to its average volume of 288,927,791. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a fifty day moving average price of $113.89 and a 200 day moving average price of $126.65. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The stock has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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 firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Susquehanna restated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $167.53.

About NVIDIA

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.