NVIDIA Co. (NASDAQ:NVDA) is Polar Capital Holdings Plc's Largest Position

Polar Capital Holdings Plc reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.6% 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 9,398,436 shares of the computer hardware maker's stock after selling 1,356,640 shares during the quarter. NVIDIA makes up about 7.1% of Polar Capital Holdings Plc's investment portfolio, making the stock its largest holding. Polar Capital Holdings Plc's holdings in NVIDIA were worth $1,262,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the fourth quarter valued at $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at $40,000. LSV Asset Management purchased a new position in NVIDIA in the 4th quarter worth about $54,000. Finally, Gleason Group Inc. increased its stake in NVIDIA by 52.9% in the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after buying an additional 148 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA traded up $2.25 on Monday, hitting $137.38. The company had a trading volume of 195,048,031 shares, compared to its average volume of 284,142,630. NVIDIA Co. has a 12-month low of $86.62 and a 12-month 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 company's fifty day moving average price is $115.95 and its 200-day moving average price is $126.21. The company has a market capitalization of $3.36 trillion, a PE ratio of 54.07, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, 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. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last 90 days. 4.17% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Barclays reissued an "overweight" rating and set a $170.00 target price (up previously from $155.00) on shares of NVIDIA in a research report on Thursday. Finally, Mizuho raised their target price on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $171.66.

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.