Tairen Capital Ltd Decreases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Tairen Capital Ltd lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 98.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,000 shares of the computer hardware maker's stock after selling 2,814,614 shares during the period. NVIDIA makes up approximately 1.0% of Tairen Capital Ltd's portfolio, making the stock its 25th largest position. Tairen Capital Ltd's holdings in NVIDIA were worth $6,983,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter worth about $40,000. LSV Asset Management bought a new position in NVIDIA during the 4th quarter valued at about $54,000. Finally, Gleason Group Inc. boosted its holdings in shares of NVIDIA by 52.9% during the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock valued at $58,000 after acquiring an additional 148 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction 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 directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was 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 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA traded down $4.91 during trading hours on Friday, reaching $134.28. The company's stock had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. 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 capitalization of $3.28 trillion, a price-to-earnings ratio of 52.85, a PEG ratio of 1.76 and a beta of 2.11. The firm's 50-day moving average price is $115.48 and its 200-day moving average price is $126.52.

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

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on NVDA shares. Raymond James boosted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday. Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday. Susquehanna reissued a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. TD Cowen raised their price target on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Bank of America upped their price objective on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

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.