NVIDIA Co. (NASDAQ:NVDA) is T. Rowe Price Investment Management Inc.'s 5th Largest Position

T. Rowe Price Investment Management Inc. decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,101,033 shares of the computer hardware maker's stock after selling 4,499,810 shares during the period. NVIDIA accounts for approximately 1.8% of T. Rowe Price Investment Management Inc.'s portfolio, making the stock its 5th largest holding. T. Rowe Price Investment Management Inc. owned approximately 0.09% of NVIDIA worth $2,833,658,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NVDA. DiNuzzo Private Wealth Inc. boosted its holdings in NVIDIA by 0.8% in the 4th 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 period. Baker Boyer National Bank lifted its position in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after acquiring an additional 76 shares in the last quarter. Kwmg LLC boosted its stake in shares of NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after acquiring an additional 77 shares during the period. SC&H Financial Advisors Inc. grew its position in shares of 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 purchasing an additional 80 shares in the last quarter. Finally, DecisionPoint Financial LLC raised its stake in NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NVDA shares. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. DA Davidson cut their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Citigroup reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.84.

NVIDIA Stock Down 0.9%

Shares of NVIDIA stock traded down $1.19 during trading on Tuesday, reaching $134.38. The company's stock had a trading volume of 160,519,454 shares, compared to its average volume of 293,801,197. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a 50-day simple moving average of $112.73 and a two-hundred day simple moving average of $126.93. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.88, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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 return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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