NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Boosted by Algert Global LLC

Algert Global LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,021 shares of the computer hardware maker's stock after purchasing an additional 14,406 shares during the period. NVIDIA makes up approximately 0.6% of Algert Global LLC's portfolio, making the stock its 5th biggest holding. Algert Global LLC's holdings in NVIDIA were worth $23,638,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NVDA. FMR LLC raised its stake in shares of NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Geode Capital Management LLC raised its stake in shares of NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after acquiring an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after acquiring an additional 3,721,331 shares during the period. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter valued at $43,515,504,000. Finally, Northern Trust Corp grew its holdings in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NVDA. Rosenblatt Securities lowered their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Susquehanna reaffirmed a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Mizuho lowered their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.86.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was 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 approximately $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 have sold a total of 147,147 shares of company stock worth $17,133,207 in the last ninety days. 4.23% of the stock is owned by insiders.

NVIDIA Trading Down 1.2%

Shares of NASDAQ:NVDA opened at $131.29 on Friday. The company has a market cap of $3.21 trillion, a PE ratio of 51.67, a P/E/G ratio of 1.76 and a beta of 2.11. The company's 50-day moving average price is $113.89 and its 200 day moving average price is $126.94. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is presently 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.

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