NVIDIA Co. (NASDAQ:NVDA) Stock Position Lowered by Deutsche Bank AG

Deutsche Bank AG trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,526,086 shares of the computer hardware maker's stock after selling 400,972 shares during the quarter. NVIDIA comprises approximately 4.5% of Deutsche Bank AG's investment portfolio, making the stock its 2nd biggest position. Deutsche Bank AG owned about 0.35% of NVIDIA worth $11,485,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Diligent Investors LLC lifted its holdings in NVIDIA by 9.1% during the 4th quarter. Diligent Investors LLC now owns 37,874 shares of the computer hardware maker's stock worth $5,086,000 after purchasing an additional 3,157 shares during the last quarter. Eagle Global Advisors LLC increased its position in NVIDIA by 19.2% during the 4th quarter. Eagle Global Advisors LLC now owns 349,785 shares of the computer hardware maker's stock worth $46,973,000 after buying an additional 56,445 shares during the period. EHP Funds Inc. boosted its position in shares of NVIDIA by 68.3% in the fourth quarter. EHP Funds Inc. now owns 17,000 shares of the computer hardware maker's stock valued at $2,283,000 after acquiring an additional 6,900 shares during the period. Collar Capital Management LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at about $492,000. Finally, Colonial Trust Co SC raised its stake in NVIDIA by 8.1% in the 4th quarter. Colonial Trust Co SC now owns 80,240 shares of the computer hardware maker's stock worth $10,775,000 after purchasing an additional 6,035 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Thursday, April 3rd. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Thursday. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Finally, Citigroup restated a "buy" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the company's 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 completion of the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVDA traded up $4.38 during midday trading on Thursday, hitting $139.19. 368,832,482 shares of the company were exchanged, compared to its average volume of 286,404,452. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company's 50 day simple moving average is $115.20 and its 200 day simple moving average is $126.61.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. NVIDIA's revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.36%.

NVIDIA Company 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.