NVIDIA Co. (NASDAQ:NVDA) Stock Position Lowered by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,326 shares of the computer hardware maker's stock after selling 6,852 shares during the quarter. Thornburg Investment Management Inc.'s holdings in NVIDIA were worth $49,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter worth $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter worth $40,000. LSV Asset Management acquired a new position in NVIDIA in the 4th quarter worth $54,000. Finally, Gleason Group Inc. lifted its holdings in NVIDIA by 52.9% in the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NVDA shares. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. Citigroup reiterated a "buy" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a report on Thursday. Rosenblatt Securities upped their target price on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday. Finally, William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of the firm's 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 completion of the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was 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 of the company's stock, valued at $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 over the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $4.91 on Friday, hitting $134.28. The company had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. The business has a 50-day simple moving average of $115.48 and a 200-day simple moving average of $126.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $3.28 trillion, a PE ratio of 52.85, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company's revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.