Phoenix Financial Ltd. Trims Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Phoenix Financial Ltd. lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,369,213 shares of the computer hardware maker's stock after selling 13,536 shares during the period. NVIDIA accounts for 2.5% of Phoenix Financial Ltd.'s holdings, making the stock its 9th biggest holding. Phoenix Financial Ltd.'s holdings in NVIDIA were worth $183,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. Norges Bank bought a new position in shares of NVIDIA in the 4th quarter worth about $43,515,504,000. Clear Street Derivatives LLC acquired a new stake in NVIDIA during the third quarter worth approximately $4,589,905,000. Proficio Capital Partners LLC increased its holdings in NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares in the last quarter. APG Asset Management N.V. lifted its stake in NVIDIA by 493.2% in the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock valued at $2,388,272,000 after buying an additional 15,311,330 shares during the period. Finally, GQG Partners LLC grew its position in shares of NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock worth $3,450,975,000 after buying an additional 14,636,057 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling

In other news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated 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 approximately $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen dropped their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. DA Davidson dropped their price target on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $7.00 during trading hours on Tuesday, reaching $130.00. The company had a trading volume of 149,430,437 shares, compared to its average volume of 281,260,781. 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 one year low of $86.62 and a one year high of $153.13. The firm has a market cap of $3.18 trillion, a PE ratio of 51.16, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The business has a fifty day simple moving average of $110.40 and a 200 day simple moving average of $127.06.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid 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 is currently 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.