Sarasin & Partners LLP Has $467.08 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Sarasin & Partners LLP lessened its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,309,660 shares of the computer hardware maker's stock after selling 230,141 shares during the quarter. NVIDIA accounts for 4.6% of Sarasin & Partners LLP's investment portfolio, making the stock its 4th largest position. Sarasin & Partners LLP's holdings in NVIDIA were worth $467,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at about $40,000. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter valued at about $50,000. Finally, LSV Asset Management purchased a new position in shares of NVIDIA in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NVDA shares. Mizuho raised their target price on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a report on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five 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 an average rating of "Moderate Buy" and an average target price of $172.24.

Insider Buying and Selling at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on 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 owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,560,845 shares of company stock valued at $360,351,849 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.9%

NVDA stock traded up $2.72 during midday trading on Monday, reaching $144.69. 181,933,268 shares of the company's stock traded hands, compared to its average volume of 276,004,024. The company has a market capitalization of $3.53 trillion, a P/E ratio of 56.94, a PEG ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The business has a 50-day moving average price of $123.74 and a two-hundred day moving average price of $126.36.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company's quarterly revenue was up 69.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

NVIDIA Profile

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.