Boussard & Gavaudan Investment Management LLP grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 171.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 394,502 shares of the computer hardware maker's stock after purchasing an additional 248,946 shares during the quarter. NVIDIA makes up about 4.5% of Boussard & Gavaudan Investment Management LLP's investment portfolio, making the stock its 5th biggest position. Boussard & Gavaudan Investment Management LLP's holdings in NVIDIA were worth $54,240,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of NVIDIA during the 4th quarter worth $43,515,504,000. Clear Street Derivatives LLC acquired a new stake in NVIDIA during the third quarter worth about $4,589,905,000. Proficio Capital Partners LLC raised its holdings in shares of NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. GQG Partners LLC lifted its stake in shares of NVIDIA by 132.3% in the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock valued at $3,450,975,000 after purchasing an additional 14,636,057 shares in the last quarter. Finally, Amundi grew its holdings in shares of NVIDIA by 12.9% during the 4th quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after purchasing an additional 13,406,054 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.
NVIDIA Stock Down 0.1 %
NASDAQ:NVDA opened at $108.92 on Thursday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $111.47 and a 200-day moving average of $128.49. The firm has a market capitalization of $2.66 trillion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52 week low of $81.25 and a 52 week high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.
Analyst Ratings Changes
NVDA has been the topic of several research reports. KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, April 25th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Morgan Stanley reduced their price objective on NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $164.96.
Check Out Our Latest Stock Report on NVDA
Insider Transactions at NVIDIA
In related news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company's stock.
NVIDIA Company Profile
(
Free Report)
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.
Further Reading
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