Azimuth Capital Investment Management LLC Has $99.77 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Azimuth Capital Investment Management LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 742,971 shares of the computer hardware maker's stock after selling 13,099 shares during the quarter. NVIDIA accounts for about 3.9% of Azimuth Capital Investment Management LLC's investment portfolio, making the stock its 2nd largest position. Azimuth Capital Investment Management LLC's holdings in NVIDIA were worth $99,774,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Tacita Capital Inc bought a new position in NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter valued at $46,000. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $0.72 during mid-day trading on Friday, reaching $116.65. 132,620,250 shares of the company were exchanged, compared to its average volume of 296,482,821. The stock has a market capitalization of $2.85 trillion, a P/E ratio of 45.91, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company's 50-day simple moving average is $110.29 and its 200-day simple moving average is $127.37. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NVDA shares. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. TD Cowen lowered their target price on NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Finally, HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

About NVIDIA

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.