Bridgewater Associates LP Lowers Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Bridgewater Associates LP lessened its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,497,362 shares of the computer hardware maker's stock after selling 1,256,909 shares during the period. NVIDIA accounts for 2.2% of Bridgewater Associates LP's portfolio, making the stock its 5th largest holding. Bridgewater Associates LP's holdings in NVIDIA were worth $469,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Kane Investment Management Inc. bought a new position in NVIDIA in the 4th quarter worth approximately $57,938,000. AGP Franklin LLC bought a new position in NVIDIA in the 4th quarter worth approximately $7,721,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in NVIDIA during the 4th quarter worth $425,923,000. Canada Post Corp Registered Pension Plan acquired a new stake in NVIDIA during the 4th quarter worth $59,880,000. Finally, Defined Financial Planning LLC acquired a new stake in NVIDIA during the 4th quarter worth $2,396,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 0.4%

NASDAQ:NVDA traded down $0.51 on Thursday, hitting $134.83. 225,515,769 shares of the company's stock were exchanged, compared to its average volume of 295,863,883. The firm has a 50-day moving average price of $111.24 and a 200-day moving average price of $127.14. 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 52 week low of $86.62 and a 52 week high of $195.95. The company has a market cap of $3.30 trillion, a P/E ratio of 53.06, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. As a group, 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 given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Benchmark reaffirmed a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Bank of America lifted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.84.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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.

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.