Sirios Capital Management L P Has $14.95 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Sirios Capital Management L P decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,314 shares of the computer hardware maker's stock after selling 31,191 shares during the quarter. NVIDIA accounts for about 2.7% of Sirios Capital Management L P's investment portfolio, making the stock its 15th largest position. Sirios Capital Management L P's holdings in NVIDIA were worth $14,948,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. SOA Wealth Advisors LLC. grew its position in NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Principal Financial Group Inc. grew its position in NVIDIA by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares in the last quarter. Weiss Asset Management LP purchased a new position in NVIDIA during the 3rd quarter worth approximately $31,925,000. Weaver Consulting Group grew its position in NVIDIA by 4.2% during the 3rd quarter. Weaver Consulting Group now owns 23,839 shares of the computer hardware maker's stock worth $2,895,000 after purchasing an additional 963 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in NVIDIA by 20.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 4,898,685 shares of the computer hardware maker's stock worth $594,896,000 after purchasing an additional 816,988 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, 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 transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This 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 this link. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research reports. Citigroup reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Bank of America lifted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho reduced their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.

NVIDIA Price Performance

NASDAQ:NVDA traded up $1.03 on Thursday, reaching $132.83. The stock had a trading volume of 186,692,456 shares, compared to its average volume of 292,029,724. The company has a market capitalization of $3.25 trillion, a P/E ratio of 52.27, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year 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 fifty day moving average price of $113.57 and a 200-day moving average price of $126.99.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.