Migdal Insurance & Financial Holdings Ltd. Sells 215,333 Shares of NVIDIA Co. (NASDAQ:NVDA)

Migdal Insurance & Financial Holdings Ltd. reduced its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 76.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,391 shares of the computer hardware maker's stock after selling 215,333 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in NVIDIA were worth $32,878,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in NVIDIA by 1.1% during the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker's stock worth $88,598,850,000 after buying an additional 2,287,471 shares in the last quarter. Northern Trust Corp grew its position in NVIDIA by 3.6% during the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker's stock worth $11,445,211,000 after buying an additional 910,009 shares in the last quarter. International Assets Investment Management LLC grew its position in NVIDIA by 54,019.5% during the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker's stock worth $8,352,811,000 after buying an additional 16,835,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in NVIDIA by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,197,744 shares of the computer hardware maker's stock worth $5,740,887,000 after buying an additional 77,089 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in NVIDIA by 2.0% during the third quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker's stock worth $4,586,865,000 after buying an additional 209,085 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 6.2 %

NASDAQ NVDA traded up $51.03 on Friday, reaching $877.35. The company had a trading volume of 54,877,793 shares, compared to its average volume of 52,163,688. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 72.68, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA Co. has a 1-year low of $266.25 and a 1-year high of $974.00. The company's fifty day moving average is $851.37 and its 200-day moving average is $632.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts' consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company's revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. On average, research analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA's payout ratio is presently 1.34%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NVDA shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $900.00 price objective on shares of NVIDIA in a report on Monday, March 4th. Morgan Stanley lifted their price objective on NVIDIA from $795.00 to $1,000.00 and gave the company an "overweight" rating in a report on Wednesday, April 10th. Citigroup lifted their price objective on NVIDIA from $820.00 to $1,030.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Wolfe Research lifted their price objective on NVIDIA from $630.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on NVIDIA from $650.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $940.30.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company's stock, valued at approximately $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company's stock, valued at approximately $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last three months. 3.99% of the stock is currently owned by corporate insiders.

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.