Triodos Investment Management BV reduced its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 519,570 shares of the computer hardware maker's stock after selling 71,700 shares during the period. NVIDIA comprises 5.6% of Triodos Investment Management BV's holdings, making the stock its biggest position. Triodos Investment Management BV's holdings in NVIDIA were worth $69,773,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Covington Investment Advisors Inc. raised its position in NVIDIA by 6.6% during the fourth quarter. Covington Investment Advisors Inc. now owns 188,560 shares of the computer hardware maker's stock valued at $25,322,000 after acquiring an additional 11,665 shares in the last quarter. Hippocratic Financial Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $404,000. Norges Bank purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $43,515,504,000. Caisse Des Depots ET Consignations acquired a new position in shares of NVIDIA in the 4th quarter valued at $68,174,000. Finally, Blair William & Co. IL boosted its holdings in NVIDIA by 7.4% during the fourth quarter. Blair William & Co. IL now owns 5,040,883 shares of the computer hardware maker's stock worth $676,940,000 after buying an additional 347,775 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Insider Activity at NVIDIA
In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business'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 value of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This 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.
NVIDIA Price Performance
Shares of NVDA stock opened at $108.92 on Thursday. The firm's 50-day moving average is $111.47 and its two-hundred day moving average is $128.49. NVIDIA Co. has a 12 month low of $81.25 and a 12 month high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company 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 (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 firm 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%. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
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 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NVDA. DA Davidson cut their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Truist Financial increased their price target on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Citigroup reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $164.96.
Check Out Our Latest Stock Report on NVIDIA
About NVIDIA
(
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.
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