Richard Bernstein Advisors LLC Trims Holdings in NVIDIA Co. (NASDAQ:NVDA)

Richard Bernstein Advisors LLC trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,960 shares of the computer hardware maker's stock after selling 34,260 shares during the quarter. NVIDIA comprises approximately 1.5% of Richard Bernstein Advisors LLC's portfolio, making the stock its 18th largest holding. Richard Bernstein Advisors LLC's holdings in NVIDIA were worth $65,662,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in NVIDIA by 2.2% during 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 purchasing an additional 11,525,969 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NVIDIA by 3.8% in the 3rd 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 buying an additional 6,526,200 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of NVIDIA by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker's stock worth $17,738,630,000 after buying an additional 2,042,348 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of NVIDIA by 3.5% during the 3rd quarter. Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker's stock valued at $11,745,763,000 after buying an additional 3,283,380 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in NVIDIA by 0.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,615,639 shares of the computer hardware maker's stock valued at $8,542,944,000 after acquiring an additional 186,761 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on NVDA. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson lowered their target price on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Finally, Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $169.89.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $7.49 during midday trading on Friday, hitting $94.31. The stock had a trading volume of 529,399,816 shares, compared to its average volume of 312,806,578. The company has a market capitalization of $2.30 trillion, a PE ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95. The stock has a 50 day moving average price of $121.20 and a two-hundred day moving average price of $131.07. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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. 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. As a group, equities analysts predict 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. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA 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 transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 183,609 shares of company stock worth $22,642,615. Company 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.