NVIDIA Co. (NASDAQ:NVDA) is Pinpoint Asset Management Ltd's 6th Largest Position

Pinpoint Asset Management Ltd lifted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 102.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,547 shares of the computer hardware maker's stock after buying an additional 113,204 shares during the quarter. NVIDIA makes up about 5.7% of Pinpoint Asset Management Ltd's holdings, making the stock its 6th biggest holding. Pinpoint Asset Management Ltd's holdings in NVIDIA were worth $31,094,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. boosted its position in shares of NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Swedbank AB grew its stake in shares of NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after acquiring an additional 1,868,358 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares during the last quarter. First City Capital Management Inc. boosted its stake in NVIDIA by 2.6% in the 3rd quarter. First City Capital Management Inc. now owns 38,609 shares of the computer hardware maker's stock worth $4,689,000 after purchasing an additional 981 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its stake in NVIDIA by 5.6% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 128,212 shares of the computer hardware maker's stock valued at $15,570,000 after purchasing an additional 6,771 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 0.6 %

Shares of NVDA stock opened at $113.82 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The company's fifty day moving average price is $110.50 and its 200-day moving average price is $127.91. The company has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 44.79, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for 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%. Sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 in the last three months. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, April 25th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Morgan Stanley reduced their price objective on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $164.96.

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.

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