NVIDIA Co. (NASDAQ:NVDA) Position Reduced by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,261,404 shares of the computer hardware maker's stock after selling 76,555 shares during the period. NVIDIA accounts for about 6.5% of Elo Mutual Pension Insurance Co's portfolio, making the stock its 2nd largest holding. Elo Mutual Pension Insurance Co's holdings in NVIDIA were worth $303,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA stock traded up $2.88 during trading on Friday, hitting $114.49. The company had a trading volume of 140,853,120 shares, compared to its average volume of 300,945,840. The firm has a 50-day moving average price of $111.09 and a 200-day moving average price of $128.31. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.79 trillion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $83.20 and a 1-year high of $195.95.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid 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 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The stock was 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. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last ninety days. Corporate insiders own 4.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on NVDA. Rosenblatt Securities reduced their target price on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley lowered their target price on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Finally, Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.