Loomis Sayles & Co. L P Decreases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Loomis Sayles & Co. L P decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,922,338 shares of the computer hardware maker's stock after selling 1,927,097 shares during the period. NVIDIA makes up about 637.2% of Loomis Sayles & Co. L P's holdings, making the stock its largest holding. Loomis Sayles & Co. L P owned 0.18% of NVIDIA worth $5,898,331,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the 4th quarter valued at $2,272,000. Capital Performance Advisors LLP raised its position 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 purchasing an additional 9,944 shares in the last quarter. Ethos Financial Group LLC boosted its holdings in shares of NVIDIA by 24.1% in 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 in the last quarter. Metis Global Partners LLC increased its position in shares of NVIDIA by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock valued at $196,711,000 after purchasing an additional 50,978 shares during the last quarter. Finally, Candriam S.C.A. raised its holdings in shares of NVIDIA by 0.5% during 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 buying an additional 35,684 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

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 transaction 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 represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. DA Davidson lowered their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Wedbush restated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Stock Down 0.1 %

Shares of NVIDIA stock opened at $108.92 on Thursday. The company has a 50-day simple moving average of $111.47 and a two-hundred day simple moving average of $128.49. The stock has a market capitalization of $2.66 trillion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52-week low of $81.25 and a 52-week high of $195.95. 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 announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.

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