Bessemer Group Inc. Has $2.38 Billion Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Bessemer Group Inc. lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,917,445 shares of the computer hardware maker's stock after selling 1,646,946 shares during the quarter. NVIDIA comprises 4.3% of Bessemer Group Inc.'s portfolio, making the stock its 3rd largest position. Bessemer Group Inc. owned about 0.09% of NVIDIA worth $2,375,413,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NVDA. Wealth Group Ltd. grew its holdings in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after buying an additional 100 shares in the last quarter. Tallon Kerry Patrick purchased a new position in shares of NVIDIA during the fourth quarter valued at $972,000. Capital & Planning LLC grew its holdings in shares of NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 104 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays boosted their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. The Goldman Sachs Group assumed coverage on NVIDIA in a research note on Thursday, July 10th. They issued a "buy" rating and a $185.00 target price on the stock. Rosenblatt Securities boosted their target price on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. Finally, Mizuho set a $192.00 price target on NVIDIA and gave the stock an "outperform" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

NVIDIA Stock Up 1.0%

NASDAQ NVDA traded up $1.63 during trading hours on Thursday, hitting $173.00. The company's stock had a trading volume of 160,375,417 shares, compared to its average volume of 264,477,289. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $174.12. The company has a market capitalization of $4.22 trillion, a PE ratio of 55.81, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company's 50-day simple moving average is $144.76 and its two-hundred day simple moving average is $129.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the business earned $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other news, Director A Brooke Seawell sold 48,792 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the transaction, the director directly owned 1,729,478 shares in the company, valued at $283,565,212.88. The trade was a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the transaction, the chief executive officer owned 74,648,225 shares of the company's stock, valued at $12,269,182,261. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,767,150 shares of company stock valued at $701,030,045. 4.17% of the stock is currently owned by company insiders.

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.