Mizuho Securities Co. Ltd. Has $166,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Mizuho Securities Co. Ltd. trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 97.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,210 shares of the computer hardware maker's stock after selling 43,400 shares during the quarter. NVIDIA accounts for approximately 2.5% of Mizuho Securities Co. Ltd.'s portfolio, making the stock its 14th largest holding. Mizuho Securities Co. Ltd.'s holdings in NVIDIA were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Financial Engines Advisors L.L.C. boosted its stake in shares of NVIDIA by 21.2% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 141,802 shares of the computer hardware maker's stock valued at $19,043,000 after buying an additional 24,828 shares in the last quarter. SwitchPoint Financial Planning LLC purchased a new stake in NVIDIA during the fourth quarter worth about $508,000. Mark Sheptoff Financial Planning LLC grew its position in NVIDIA by 22.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 21,900 shares of the computer hardware maker's stock worth $2,941,000 after buying an additional 4,001 shares during the period. UNIVEST FINANCIAL Corp increased its holdings in NVIDIA by 157.0% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 118,145 shares of the computer hardware maker's stock valued at $15,866,000 after buying an additional 72,173 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $5,915,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA traded down $0.10 during midday trading on Wednesday, reaching $108.92. The stock had a trading volume of 229,377,969 shares, compared to its average volume of 302,869,091. The firm's 50 day moving average price is $111.97 and its 200-day moving average price is $128.63. NVIDIA Co. has a 52 week low of $81.25 and a 52 week high of $195.95. The company has a market capitalization of $2.66 trillion, a P/E ratio of 42.87, a P/E/G ratio of 1.76 and a beta of 1.96. 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 (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, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. TD Cowen cut their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Finally, Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $164.96.

Insiders Place Their Bets

In other news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was 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 worth $17,133,207 in the last ninety days. Insiders own 4.23% of the company's stock.

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.