One Capital Management LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

One Capital Management LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,494 shares of the computer hardware maker's stock after selling 3,443 shares during the period. One Capital Management LLC's holdings in NVIDIA were worth $22,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Vanguard Group Inc. grew its stake in NVIDIA by 1.1% in 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. Northern Trust Corp raised its stake in NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker's stock valued at $11,445,211,000 after buying an additional 910,009 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in NVIDIA by 54,019.5% in 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 acquiring an additional 16,835,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NVIDIA by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,586,595 shares of the computer hardware maker's stock worth $6,728,354,000 after acquiring an additional 388,851 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of 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 valued at $4,586,865,000 after acquiring an additional 209,085 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. CICC Research initiated coverage on shares of NVIDIA in a research note on Wednesday, March 6th. They set an "outperform" rating and a $870.00 price target on the stock. DA Davidson raised their target price on NVIDIA from $410.00 to $620.00 and gave the stock a "neutral" rating in a research note on Thursday, February 22nd. The Goldman Sachs Group boosted their price target on NVIDIA from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research note on Tuesday, May 7th. Argus raised their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Loop Capital began coverage on NVIDIA in a research report on Friday, February 16th. They issued a "buy" rating and a $1,200.00 target price on the stock. 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $966.55.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. In other 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of NVIDIA 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 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.

NVIDIA Trading Down 2.0 %

Shares of NVDA stock traded down $18.80 on Friday, hitting $924.79. 35,969,103 shares of the stock traded hands, compared to its average volume of 43,336,076. 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 twelve month low of $298.06 and a twelve month high of $974.00. The firm's 50-day moving average price is $882.98 and its two-hundred day moving average price is $687.42. The stock has a market capitalization of $2.27 trillion, a PE ratio of 77.45, a PEG ratio of 1.31 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $20.40 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business's revenue for the quarter was up 265.3% on a year-over-year basis. As a group, analysts anticipate that NVIDIA Co. will post 22.9 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend 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%.

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.