NVIDIA Co. (NASDAQ:NVDA) Holdings Lifted by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,451,538 shares of the computer hardware maker's stock after acquiring an additional 552,853 shares during the period. NVIDIA comprises about 4.7% of Worldquant Millennium Advisors LLC's portfolio, making the stock its largest position. Worldquant Millennium Advisors LLC's holdings in NVIDIA were worth $732,087,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Hickory Point Bank & Trust acquired a new position in NVIDIA during the 4th quarter worth approximately $2,272,000. Capital Performance Advisors LLP boosted its holdings in 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 acquiring an additional 9,944 shares during the last quarter. Waddell & Associates LLC boosted its holdings in NVIDIA by 1.2% during the fourth 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 stake in NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock valued at $7,024,000 after purchasing an additional 405 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its stake in NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 6,241 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director now directly owns 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,257,983 shares of company stock worth $172,973,349. 4.17% of the stock is owned by insiders.

NVIDIA Stock Performance

NVDA traded up $0.70 on Wednesday, reaching $141.92. The stock had a trading volume of 166,543,405 shares, compared to its average volume of 282,361,906. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business's 50-day moving average price is $117.19 and its two-hundred day moving average price is $126.42. The company has a market cap of $3.46 trillion, a P/E ratio of 55.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Mizuho lifted their target price on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA 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.