NVIDIA Co. (NASDAQ:NVDA) is Titan Global Capital Management USA LLC's 6th Largest Position

Titan Global Capital Management USA LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,417 shares of the computer hardware maker's stock after selling 5,705 shares during the period. NVIDIA makes up approximately 4.4% of Titan Global Capital Management USA LLC's investment portfolio, making the stock its 6th largest holding. Titan Global Capital Management USA LLC's holdings in NVIDIA were worth $29,197,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the fourth quarter valued at $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at about $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Bank of America cut their price target on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Trading Down 0.6 %

NASDAQ NVDA traded down $0.72 during trading on Friday, hitting $116.65. The stock had a trading volume of 132,620,250 shares, compared to its average volume of 296,326,827. The company has a market capitalization of $2.85 trillion, a PE ratio of 45.91, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. 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 50 day moving average price of $110.29 and a 200 day moving average price of $127.28.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued 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 1.36%.

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.