NVIDIA Co. (NASDAQ:NVDA) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 91.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,319 shares of the computer hardware maker's stock after selling 116,514 shares during the quarter. WINTON GROUP Ltd's holdings in NVIDIA were worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership lifted its position in NVIDIA by 0.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,901,766 shares of the computer hardware maker's stock valued at $389,678,000 after acquiring an additional 18,136 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of NVIDIA by 9.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 40,381,662 shares of the computer hardware maker's stock worth $5,833,939,000 after purchasing an additional 3,365,130 shares during the last quarter. Foundation Wealth Management LLC PA purchased a new position in shares of NVIDIA during the fourth quarter worth $477,000. Hardin Capital Partners LLC boosted its position in NVIDIA by 8.5% in the 4th quarter. Hardin Capital Partners LLC now owns 2,706 shares of the computer hardware maker's stock worth $363,000 after purchasing an additional 213 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in shares of NVIDIA by 75.1% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 706,468 shares of the computer hardware maker's stock valued at $94,872,000 after acquiring an additional 303,021 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 0.1 %

Shares of NASDAQ NVDA traded down $0.10 during midday trading on Wednesday, hitting $108.92. 229,377,969 shares of the company's stock were exchanged, compared to its average volume of 302,869,091. The firm's fifty day simple moving average is $111.97 and its 200-day simple moving average is $128.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $2.66 trillion, a PE ratio of 42.87, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a twelve month low of $81.25 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The business 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%. Research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NVDA shares. Bank of America lowered their target price on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. TD Cowen cut their price target on NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $164.96.

Insider Activity at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred 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 directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. 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 quarter. 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.