Sei Investments Co. Boosts Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Sei Investments Co. increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,212,771 shares of the computer hardware maker's stock after buying an additional 550,621 shares during the period. NVIDIA comprises about 2.6% of Sei Investments Co.'s holdings, making the stock its 2nd biggest position. Sei Investments Co. owned about 0.06% of NVIDIA worth $2,042,921,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NVDA. Clear Street Derivatives LLC purchased a new stake in NVIDIA during the third quarter worth about $4,589,905,000. Proficio Capital Partners LLC increased its holdings in NVIDIA by 14,641.2% during 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 buying an additional 34,441,082 shares during the last quarter. Amundi increased its holdings in NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after buying an additional 13,406,054 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 11,525,969 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 worth $21,908,236,000 after purchasing an additional 6,526,200 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % 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 in the last 90 days. Company insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wedbush reiterated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Bank of America reduced their target price on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

NVIDIA Trading Up 0.3 %

Shares of NASDAQ:NVDA traded up $0.29 on Tuesday, reaching $109.02. 168,927,158 shares of the company traded hands, compared to its average volume of 303,379,680. The business's 50-day simple moving average is $111.97 and its 200 day simple moving average is $128.63. NVIDIA Co. has a 52 week low of $81.25 and a 52 week high of $195.95. The stock has a market capitalization of $2.66 trillion, a P/E ratio of 42.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. 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 announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend 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 is presently 1.36%.

About NVIDIA

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.