NVIDIA Co. (NASDAQ:NVDA) is Peregrine Asset Advisers Inc.'s 6th Largest Position

Peregrine Asset Advisers Inc. lessened its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,176 shares of the computer hardware maker's stock after selling 3,585 shares during the quarter. NVIDIA accounts for about 2.7% of Peregrine Asset Advisers Inc.'s holdings, making the stock its 6th biggest position. Peregrine Asset Advisers Inc.'s holdings in NVIDIA were worth $5,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in shares of NVIDIA by 54,019.5% in 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 during the period. Vanguard Group Inc. grew its holdings in shares of NVIDIA by 1.1% in 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 during the period. California Public Employees Retirement System grew its holdings in shares of NVIDIA by 31.8% in the 4th quarter. California Public Employees Retirement System now owns 7,477,385 shares of the computer hardware maker's stock worth $3,702,951,000 after acquiring an additional 1,805,763 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the 3rd quarter worth approximately $728,543,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of NVIDIA by 99.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,384,968 shares of the computer hardware maker's stock worth $1,037,437,000 after acquiring an additional 1,189,495 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $9.57 during midday trading on Tuesday, reaching $913.56. The company's stock had a trading volume of 29,578,749 shares, compared to its average volume of 50,302,699. The company has a 50 day moving average price of $879.39 and a 200 day moving average price of $672.77. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 76.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.75. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a one year low of $281.52 and a one year high of $974.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share 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 business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the firm posted $0.65 earnings per share. The firm's quarterly revenue was up 265.3% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. 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%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company's stock, valued at $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares of the company's stock, valued at $896,494,891.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent research reports. Sanford C. Bernstein upped their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Wolfe Research increased their price target on shares of NVIDIA from $630.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Rosenblatt Securities reissued a "buy" rating and set a $1,100.00 price objective on shares of NVIDIA in a research note on Tuesday, February 20th. Raymond James increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock a "strong-buy" rating in a research report on Thursday, April 11th. Finally, Wedbush reissued an "outperform" rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $966.55.

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.