Groupama Asset Managment lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 48.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,155,051 shares of the computer hardware maker's stock after selling 2,032,823 shares during the quarter. NVIDIA comprises approximately 2.2% of Groupama Asset Managment's holdings, making the stock its 11th largest position. Groupama Asset Managment's holdings in NVIDIA were worth $296,284,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Norges Bank bought a new position in NVIDIA during the 4th quarter valued at $43,515,504,000. Clear Street Derivatives LLC bought a new position in NVIDIA during the third quarter valued at about $4,589,905,000. Proficio Capital Partners LLC grew its holdings in NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after acquiring an additional 34,441,082 shares during the period. GQG Partners LLC raised its position in NVIDIA by 132.3% in the fourth quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock worth $3,450,975,000 after acquiring an additional 14,636,057 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in NVIDIA by 26.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 65,827,070 shares of the computer hardware maker's stock valued at $8,840,117,000 after purchasing an additional 13,571,425 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Stock Performance
Shares of NVIDIA stock traded up $0.18 during trading on Thursday, reaching $117.24. The company's stock had a trading volume of 59,024,588 shares, compared to its average volume of 283,551,938. The business's fifty day moving average price is $110.21 and its 200-day moving average price is $127.73. NVIDIA Co. has a one year low of $86.62 and a one year high of $153.13. The firm has a market cap of $2.86 trillion, a price-to-earnings ratio of 46.14, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is 1.36%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on NVDA shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.
Check Out Our Latest Stock Report on NVDA
Insider Activity
In related news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.
NVIDIA Company Profile
(
Free Report)
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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