NVIDIA Co. (NASDAQ:NVDA) Stock Position Cut by Martin Currie Ltd.

Martin Currie Ltd. reduced its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,149,783 shares of the computer hardware maker's stock after selling 410,252 shares during the quarter. NVIDIA makes up approximately 5.7% of Martin Currie Ltd.'s investment portfolio, making the stock its 4th biggest position. Martin Currie Ltd.'s holdings in NVIDIA were worth $154,404,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Tacita Capital Inc purchased a new stake in NVIDIA in the 4th quarter worth $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the fourth quarter worth about $34,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $46,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Wedbush reiterated an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Truist Financial raised their price target on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One equities research 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's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Stock Up 2.6 %

NVDA stock traded up $2.89 during trading on Friday, reaching $114.50. 189,662,858 shares of the company traded hands, compared to its average volume of 300,818,875. The company has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business has a 50 day simple moving average of $110.85 and a 200 day simple moving average of $128.19. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating 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 analysts' expectations of $38.16 billion. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a 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 Transactions at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the firm'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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.

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.