Paradiem LLC Cuts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Paradiem LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,743 shares of the computer hardware maker's stock after selling 1,439 shares during the period. NVIDIA accounts for about 1.3% of Paradiem LLC's portfolio, making the stock its 28th largest position. Paradiem LLC's holdings in NVIDIA were worth $5,189,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter worth approximately $14,606,369,000. International Assets Investment Management LLC raised its stake in shares of NVIDIA by 54,019.5% during the 4th 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 acquiring an additional 16,835,703 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of NVIDIA during the 1st quarter worth approximately $4,826,280,000. Vanguard Group Inc. raised its stake in shares of NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker's stock worth $88,598,850,000 after acquiring an additional 2,287,471 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of NVIDIA by 44.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,349,610 shares of the computer hardware maker's stock worth $3,144,490,000 after acquiring an additional 1,941,637 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $27.76 during mid-day trading on Thursday, reaching $858.17. The company's stock had a trading volume of 36,326,803 shares, compared to its average volume of 51,695,227. The stock has a 50-day moving average of $865.39 and a two-hundred day moving average of $646.31. The stock has a market capitalization of $2.15 trillion, a P/E ratio of 71.87, a P/E/G ratio of 1.24 and a beta of 1.75. 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 $272.40 and a 1-year high of $974.00.

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

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company's stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company's stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company's stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 over the last 90 days. 3.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVDA. Wells Fargo & Company upped their price target on shares of NVIDIA from $840.00 to $970.00 and gave the company an "overweight" rating in a research note on Tuesday, March 19th. UBS Group upped their price target on shares of NVIDIA from $1,100.00 to $1,150.00 and gave the company a "buy" rating in a research note on Tuesday. Morgan Stanley upped their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Wednesday, April 10th. Tigress Financial upped their price target on shares of NVIDIA from $790.00 to $985.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Finally, Needham & Company LLC upped their price target on shares of NVIDIA from $600.00 to $850.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $941.55.

NVIDIA Company 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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