Totem Point Management LLC Has $7.41 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Totem Point Management LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 36.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,157 shares of the computer hardware maker's stock after selling 32,246 shares during the quarter. NVIDIA makes up about 7.8% of Totem Point Management LLC's holdings, making the stock its 6th largest position. Totem Point Management LLC's holdings in NVIDIA were worth $7,407,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tacita Capital Inc bought a new stake in NVIDIA during the 4th quarter valued at $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $46,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. Finally, Bank of America boosted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $164.84.

NVIDIA Trading Up 0.8%

NASDAQ NVDA traded up $1.03 during trading on Thursday, hitting $132.83. 186,692,456 shares of the company's stock traded hands, compared to its average volume of 292,029,724. The stock has a fifty day moving average of $113.57 and a two-hundred day moving average of $126.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The firm has a market cap of $3.25 trillion, a P/E ratio of 52.27, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during 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%. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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.