NVIDIA Co. (NASDAQ:NVDA) Stake Raised by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,787,937 shares of the computer hardware maker's stock after purchasing an additional 63,472 shares during the period. NVIDIA comprises 5.6% of Treasurer of the State of North Carolina's portfolio, making the stock its 2nd biggest holding. Treasurer of the State of North Carolina's holdings in NVIDIA were worth $1,448,712,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NVDA. Norges Bank acquired a new position in NVIDIA during the 4th quarter valued at about $43,515,504,000. Clear Street Derivatives LLC bought a new stake in shares of NVIDIA during the third quarter worth approximately $4,589,905,000. Proficio Capital Partners LLC lifted its holdings in NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after buying an additional 34,441,082 shares during the period. APG Asset Management N.V. boosted its stake in NVIDIA by 493.2% in the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock valued at $2,388,272,000 after acquiring an additional 15,311,330 shares during the last quarter. Finally, GQG Partners LLC grew its holdings in NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock worth $3,450,975,000 after acquiring an additional 14,636,057 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52% 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, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now 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. In the last ninety days, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NVDA shares. Citigroup restated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

NVIDIA Price Performance

NVDA stock traded up $4.55 during midday trading on Wednesday, reaching $134.48. The stock had a trading volume of 135,482,578 shares, compared to its average volume of 281,735,813. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $153.13. The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.93, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company's fifty day simple moving average is $110.79 and its 200 day simple moving average is $127.08. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

NVIDIA Dividend Announcement

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

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.