NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Xn LP

XN LP cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 518,674 shares of the computer hardware maker's stock after selling 3,027 shares during the quarter. NVIDIA makes up approximately 2.8% of XN LP's portfolio, making the stock its 14th biggest position. XN LP's holdings in NVIDIA were worth $69,653,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Zurich Insurance Group Ltd FI grew its stake in shares of NVIDIA by 1.1% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 5,389,502 shares of the computer hardware maker's stock worth $723,756,000 after purchasing an additional 57,564 shares in the last quarter. Victrix Investment Advisors purchased a new stake in NVIDIA during the 4th quarter worth about $11,284,000. Sone Capital Management LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $1,670,000. Vident Advisory LLC boosted its position in shares of NVIDIA by 15.5% during the 4th quarter. Vident Advisory LLC now owns 972,264 shares of the computer hardware maker's stock worth $130,566,000 after acquiring an additional 130,330 shares in the last quarter. Finally, Sphera Management Technology Funds Ltd acquired a new stake in shares of NVIDIA during the 4th quarter worth about $2,337,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA stock traded up $0.03 on Wednesday, reaching $141.25. 77,493,574 shares of the company's stock were exchanged, compared to its average volume of 282,503,010. The stock has a fifty day moving average of $116.54 and a 200-day moving average of $126.31. The firm has a market cap of $3.45 trillion, a PE ratio of 55.64, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for 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%. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was 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 in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,147 shares of company stock worth $23,874,207 over the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NVDA shares. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $171.66.

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.