Select Asset Management & Trust Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Select Asset Management & Trust boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 153.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,570 shares of the computer hardware maker's stock after acquiring an additional 7,000 shares during the period. NVIDIA accounts for about 0.6% of Select Asset Management & Trust's holdings, making the stock its 22nd biggest position. Select Asset Management & Trust's holdings in NVIDIA were worth $1,554,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of NVIDIA by 0.7% during 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 buying an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC lifted its stake in NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the last quarter. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter valued at about $43,515,504,000. Charles Schwab Investment Management Inc. increased its holdings in shares of NVIDIA by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock worth $20,315,409,000 after buying an additional 5,211,040 shares during the period. Finally, Capital World Investors boosted its holdings in NVIDIA by 6.5% during the 4th quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker's stock valued at $18,925,009,000 after acquiring an additional 8,555,411 shares during the period. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. DA Davidson lowered 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. Susquehanna reissued a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Wedbush reissued an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $164.84.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated 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 owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. 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 three months. Corporate insiders own 4.23% of the company's stock.

NVIDIA Stock Up 0.1%

NASDAQ:NVDA traded up $0.17 during trading hours on Monday, reaching $135.57. 192,257,358 shares of the company traded hands, compared to its average volume of 294,328,000. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The business's 50-day moving average price is $112.33 and its two-hundred day moving average price is $126.93. The stock has a market capitalization of $3.32 trillion, a P/E ratio of 53.35, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS 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%. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is currently 1.36%.

NVIDIA Company 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.