NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 56.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,189 shares of the computer hardware maker's stock after selling 105,377 shares during the period. NVIDIA accounts for about 1.1% of Picton Mahoney Asset Management's investment portfolio, making the stock its 5th largest holding. Picton Mahoney Asset Management's holdings in NVIDIA were worth $40,207,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. International Assets Investment Management LLC increased its stake in 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 valued at $8,352,811,000 after buying an additional 16,835,703 shares during the period. Vanguard Group Inc. boosted 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 valued at $88,598,850,000 after purchasing an additional 2,287,471 shares during the last quarter. California Public Employees Retirement System grew its stake in NVIDIA by 31.8% in the fourth quarter. California Public Employees Retirement System now owns 7,477,385 shares of the computer hardware maker's stock valued at $3,702,951,000 after purchasing an additional 1,805,763 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of NVIDIA in the third quarter valued at approximately $728,543,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of NVIDIA by 99.5% in the third 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 buying an additional 1,189,495 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $32.74 during midday trading on Wednesday, reaching $946.30. The company's stock had a trading volume of 41,629,409 shares, compared to its average volume of 50,210,500. The business's fifty day simple moving average is $880.47 and its 200-day simple moving average is $676.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a fifty-two week low of $288.32 and a fifty-two week high of $974.00. The company has a market capitalization of $2.37 trillion, a P/E ratio of 79.25, a P/E/G ratio of 1.29 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The company's revenue was up 265.3% on a year-over-year basis. As a group, equities research analysts expect that NVIDIA Co. will post 22.6 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued 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 is 1.34%.

Insider Buying and Selling at NVIDIA

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on NVDA shares. Wells Fargo & Company lifted their target price on shares of NVIDIA from $970.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Tuesday. Loop Capital initiated coverage on NVIDIA in a research report on Friday, February 16th. They set a "buy" rating and a $1,200.00 price objective for the company. Stifel Nicolaus reaffirmed a "buy" rating and issued a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. The Goldman Sachs Group upped their price target on NVIDIA from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a report on Tuesday, May 7th. Finally, Morgan Stanley raised their price objective on shares of NVIDIA from $795.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $966.55.

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.