UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 20,494,402 Shares of NVIDIA Co. (NASDAQ:NVDA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,898,191 shares of the computer hardware maker's stock after buying an additional 20,494,402 shares during the period. NVIDIA makes up approximately 6.3% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings, making the stock its biggest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.82% of NVIDIA worth $26,978,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hickory Point Bank & Trust acquired a new position in shares of NVIDIA during the 4th quarter worth about $2,272,000. Capital Performance Advisors LLP lifted its position in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC lifted its position in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after purchasing an additional 297 shares during the last quarter. Strategy Asset Managers LLC lifted its position in shares of NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after purchasing an additional 405 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its position in shares of NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after purchasing an additional 6,241 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA traded up $0.70 on Wednesday, hitting $141.92. The company's stock had a trading volume of 166,543,405 shares, compared to its average volume of 282,361,906. The company has a 50 day moving average price of $117.19 and a 200 day moving average price of $126.42. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. 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 capitalization of $3.46 trillion, a PE ratio of 55.85, a PEG ratio of 1.76 and a beta of 2.12.

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). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the company posted $0.61 EPS. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on NVDA. Citigroup reissued a "buy" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Barclays restated an "overweight" rating and set a $170.00 price target (up from $155.00) on shares of NVIDIA in a research note on Thursday, May 29th. 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 given a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $171.66.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the 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 completion of the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,257,983 shares of company stock valued at $172,973,349. 4.17% of the stock is currently owned by corporate insiders.

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.