NVIDIA Co. (NASDAQ:NVDA) Stock Position Lessened by Axa S.A.

Axa S.A. decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,270,073 shares of the computer hardware maker's stock after selling 502,305 shares during the period. NVIDIA comprises 5.8% of Axa S.A.'s investment portfolio, making the stock its biggest position. Axa S.A. owned approximately 0.06% of NVIDIA worth $1,916,328,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. increased its position in NVIDIA by 0.8% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after buying an additional 71 shares during the last quarter. Baker Boyer National Bank increased its position in NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after buying an additional 76 shares during the last quarter. Kwmg LLC increased its position in NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after buying an additional 77 shares during the last quarter. SC&H Financial Advisors Inc. increased its position in NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after buying an additional 80 shares during the last quarter. Finally, DecisionPoint Financial LLC increased its position in NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last quarter. Company insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on NVDA. Bank of America increased their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Rosenblatt Securities decreased 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. Citigroup restated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, DA Davidson decreased their price target on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.86.

NVIDIA Stock Performance

NVDA stock opened at $131.29 on Friday. 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 has a 50 day moving average price of $113.89 and a 200 day moving average price of $126.94. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock has a market capitalization of $3.21 trillion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. 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.

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