Fmr LLC Buys 6,665,252 Shares of NVIDIA Co. (NASDAQ:NVDA)

Fmr LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,004,376,608 shares of the computer hardware maker's stock after acquiring an additional 6,665,252 shares during the quarter. NVIDIA comprises about 8.1% of Fmr LLC's investment portfolio, making the stock its largest holding. Fmr LLC owned about 4.10% of NVIDIA worth $134,877,735,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NVDA. Hickory Point Bank & Trust acquired a new stake in NVIDIA in the fourth quarter worth approximately $2,272,000. Capital Performance Advisors LLP boosted its stake in NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after buying an additional 9,944 shares in the last quarter. Ethos Financial Group LLC grew its holdings in NVIDIA by 24.1% during the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after acquiring an additional 6,241 shares during the period. Metis Global Partners LLC raised its position in NVIDIA by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after acquiring an additional 50,978 shares in the last quarter. Finally, Candriam S.C.A. lifted its holdings in NVIDIA by 0.5% in the 4th quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock valued at $948,229,000 after acquiring an additional 35,684 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NVDA shares. Wedbush reiterated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. Citigroup reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.96.

NVIDIA Stock Up 2.9 %

NVDA opened at $116.89 on Thursday. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The business has a 50 day moving average of $110.21 and a 200-day moving average of $127.73. The stock has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 46.00, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

Insider Activity at NVIDIA

In other NVIDIA 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 transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is 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.

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