NVIDIA Co. (NASDAQ:NVDA) is Franklin Resources Inc.'s 2nd Largest Position

Franklin Resources Inc. reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,897,965 shares of the computer hardware maker's stock after selling 598,950 shares during the quarter. NVIDIA accounts for 4.0% of Franklin Resources Inc.'s holdings, making the stock its 2nd largest position. Franklin Resources Inc. owned approximately 0.44% of NVIDIA worth $14,489,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. boosted its position in shares of NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after acquiring an additional 71 shares during the last quarter. Palisade Asset Management LLC boosted its holdings in NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares during the last quarter. Baker Boyer National Bank grew its stake in shares of NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after buying an additional 76 shares during the period. Kwmg LLC increased its holdings in shares of NVIDIA by 0.6% during the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after buying an additional 77 shares during the last quarter. Finally, SC&H Financial Advisors Inc. raised its position in shares of NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after buying an additional 80 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the business'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 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 position. 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 ninety days. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Up 2.6 %

NASDAQ:NVDA traded up $2.89 during midday trading on Friday, hitting $114.50. 189,662,858 shares of the company were exchanged, compared to its average volume of 300,427,940. 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 Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The company has a market capitalization of $2.79 trillion, a PE ratio of 45.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a fifty day simple moving average of $110.85 and a 200 day simple moving average of $128.14.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price objective on shares of 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 given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.96.

NVIDIA 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.