NVIDIA Co. (NASDAQ:NVDA) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,407,826 shares of the computer hardware maker's stock after selling 1,282,631 shares during the quarter. NVIDIA comprises about 6.0% of California State Teachers Retirement System's holdings, making the stock its 2nd largest position. California State Teachers Retirement System owned 0.16% of NVIDIA worth $5,157,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC grew its holdings in shares of NVIDIA by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after purchasing an additional 322 shares during the period. Wealth Group Ltd. grew its holdings in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the period. Tallon Kerry Patrick purchased a new stake in shares of NVIDIA during the 4th quarter worth about $972,000. Capital & Planning LLC grew its holdings in shares of NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after purchasing an additional 1,099 shares during the period. Finally, Financial Management Professionals Inc. grew its holdings in shares of NVIDIA by 10.9% during the 4th quarter. Financial Management Professionals Inc. now owns 22,950 shares of the computer hardware maker's stock worth $3,082,000 after purchasing an additional 2,261 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 125,836 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $137.79, for a total value of $17,338,942.44. Following the transaction, the director now directly owns 10,149,697 shares of the company's stock, valued at $1,398,526,749.63. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,257,983 shares of company stock valued at $172,973,349. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NVDA. Raymond James boosted their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Bank of America upped their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Truist Financial upped their price target on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $141.72 on Friday. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. 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's fifty day moving average price is $118.45 and its two-hundred day moving average price is $126.24. The firm has a market capitalization of $3.46 trillion, a PE ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

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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