PARUS FINANCE UK Ltd Has $38.01 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

PARUS FINANCE UK Ltd trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 283,010 shares of the computer hardware maker's stock after selling 36,935 shares during the quarter. NVIDIA accounts for 11.9% of PARUS FINANCE UK Ltd's portfolio, making the stock its largest holding. PARUS FINANCE UK Ltd's holdings in NVIDIA were worth $38,005,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hickory Point Bank & Trust bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP raised its position in NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Ethos Financial Group LLC boosted its stake in NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after purchasing an additional 6,241 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of NVIDIA by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after purchasing an additional 50,978 shares during the last quarter. Finally, Candriam S.C.A. increased its stake in shares of NVIDIA by 0.5% in the fourth quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock valued at $948,229,000 after buying an additional 35,684 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 2.6 %

Shares of NASDAQ:NVDA traded up $2.89 during midday trading on Friday, reaching $114.50. The company had a trading volume of 189,662,858 shares, compared to its average volume of 300,819,709. The business's 50 day moving average price is $111.09 and its 200 day moving average price is $128.31. NVIDIA Co. has a 1-year low of $86.62 and a 1-year 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 stock has a market cap of $2.79 trillion, a PE ratio of 45.06, a P/E/G ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate 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 return on equity of 114.83% and a net margin of 55.69%. Research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. Insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NVDA shares. Needham & Company LLC reissued a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Truist Financial raised their price target on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One equities research 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 given a strong buy rating to the company's stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average 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.