Mirabaud Asset Management Ltd Has $12.73 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Mirabaud Asset Management Ltd reduced its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,584 shares of the computer hardware maker's stock after selling 13,180 shares during the quarter. NVIDIA makes up approximately 5.9% of Mirabaud Asset Management Ltd's investment portfolio, making the stock its 4th largest position. Mirabaud Asset Management Ltd's holdings in NVIDIA were worth $12,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in NVIDIA during the fourth quarter worth about $43,515,504,000. Clear Street Derivatives LLC acquired a new stake in NVIDIA during the 3rd quarter worth approximately $4,589,905,000. Proficio Capital Partners LLC boosted its position in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after buying an additional 34,441,082 shares during the period. GQG Partners LLC grew its stake in shares of 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 increased its position in shares of 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 worth $8,840,117,000 after acquiring an additional 13,571,425 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the subject of several analyst reports. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, April 25th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Finally, DA Davidson decreased their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $164.96.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $3.35 on Wednesday, reaching $116.89. 206,176,787 shares of the company were exchanged, compared to its average volume of 297,970,896. 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 Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a 50-day moving average of $110.37 and a 200-day moving average of $127.81. The firm has a market cap of $2.85 trillion, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for 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%. Equities analysts forecast 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. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Transactions at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the company'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 completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,085,765 shares in the company, 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. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last quarter. 4.23% of the stock is currently owned by 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.