Trivest Advisors Ltd decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 74.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,000 shares of the computer hardware maker's stock after selling 1,095,700 shares during the quarter. NVIDIA comprises about 2.3% of Trivest Advisors Ltd's portfolio, making the stock its 15th biggest holding. Trivest Advisors Ltd's holdings in NVIDIA were worth $51,030,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Clear Street Derivatives LLC acquired a new stake in shares of NVIDIA in the 3rd quarter worth $4,589,905,000. Proficio Capital Partners LLC boosted its holdings in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after purchasing an additional 34,441,082 shares during the last quarter. Amundi raised its position in shares of NVIDIA by 12.9% during the 4th quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock valued at $16,394,224,000 after buying an additional 13,406,054 shares during the period. Geode Capital Management LLC grew its position in NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after acquiring an additional 11,525,969 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NVIDIA by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after purchasing an additional 6,526,200 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Stock Performance
Shares of NVDA stock traded up $4.58 during mid-day trading on Friday, hitting $111.01. The stock had a trading volume of 250,248,639 shares, compared to its average volume of 304,641,559. The firm has a market cap of $2.71 trillion, a PE ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. The company's 50-day simple moving average is $113.21 and its 200-day simple moving average is $128.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a fifty-two week low of $81.25 and a fifty-two week high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating 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 return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.
Insiders Place Their Bets
In other news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade 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. Corporate insiders own 4.23% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on NVDA. Barclays decreased their target price on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Finally, William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $164.96.
Read Our Latest Stock Analysis on NVDA
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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