NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 13.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,380,059 shares of the computer hardware maker's stock after selling 217,654 shares during the period. NVIDIA accounts for about 6.5% of Fullerton Fund Management Co Ltd.'s holdings, making the stock its 5th largest holding. Fullerton Fund Management Co Ltd.'s holdings in NVIDIA were worth $185,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA during the fourth quarter worth about $2,272,000. Capital Performance Advisors LLP increased its position in NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after acquiring an additional 9,944 shares during the period. Waddell & Associates LLC increased its position in NVIDIA by 1.2% in the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after acquiring an additional 297 shares during the period. Strategy Asset Managers LLC increased its position in NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after acquiring an additional 405 shares during the period. Finally, Ethos Financial Group LLC increased its position in NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after acquiring an additional 6,241 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. William Blair restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. DA Davidson dropped their price target on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Truist Financial boosted their target price on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $167.53.

NVIDIA Trading Down 0.5%

NVDA traded down $0.69 during trading on Wednesday, hitting $134.81. The company's stock had a trading volume of 290,644,109 shares, compared to its average volume of 288,583,015. The firm's 50 day moving average price is $114.51 and its 200-day moving average price is $126.60. 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 stock has a market cap of $3.30 trillion, a PE ratio of 53.05, a PEG ratio of 1.76 and a beta of 2.11. 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 issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. During the same period last year, the company earned $0.61 earnings per share. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction 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 sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last ninety days. Insiders own 4.17% of the company's stock.

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.