NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,970 shares of the computer hardware maker's stock after selling 8,498 shares during the quarter. NVIDIA comprises about 2.4% of Jackson Square Partners LLC's investment portfolio, making the stock its 18th biggest position. Jackson Square Partners LLC's holdings in NVIDIA were worth $21,885,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Momentous Wealth Management Inc. purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $1,142,000. Florida Financial Advisors LLC increased its position in NVIDIA by 27.8% in the fourth quarter. Florida Financial Advisors LLC now owns 44,614 shares of the computer hardware maker's stock worth $5,992,000 after purchasing an additional 9,718 shares during the last quarter. Aire Advisors LLC raised its position in shares of NVIDIA by 29.1% during the 4th quarter. Aire Advisors LLC now owns 56,938 shares of the computer hardware maker's stock valued at $7,646,000 after buying an additional 12,839 shares in the last quarter. Baxter Bros Inc. lifted its position in NVIDIA by 13.1% in the fourth quarter. Baxter Bros Inc. now owns 6,239 shares of the computer hardware maker's stock worth $838,000 after buying an additional 723 shares during the last quarter. Finally, Bay Capital Advisors LLC purchased a new stake in NVIDIA in the fourth quarter worth $1,620,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm'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 value of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade 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, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wedbush restated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Mizuho decreased their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Thursday, April 3rd. Finally, UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $4.72 on Thursday, reaching $113.64. The company's stock had a trading volume of 161,863,689 shares, compared to its average volume of 302,322,548. The stock has a 50-day moving average price of $111.47 and a 200-day moving average price of $128.49. NVIDIA Co. has a 52-week low of $81.25 and a 52-week high of $195.95. The company has a market capitalization of $2.77 trillion, a P/E ratio of 44.82, a PEG ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

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.