Artemis Investment Management LLP Decreases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Artemis Investment Management LLP lowered its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 44.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 332,856 shares of the computer hardware maker’s stock after selling 271,144 shares during the quarter. NVIDIA makes up about 2.3% of Artemis Investment Management LLP’s investment portfolio, making the stock its 7th largest position. Artemis Investment Management LLP’s holdings in NVIDIA were worth $160,237,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NVDA. North Star Investment Management Corp. lifted its stake in shares of NVIDIA by 0.3% during the 4th quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock worth $3,463,000 after purchasing an additional 20 shares during the last quarter. LS Investment Advisors LLC raised its holdings in NVIDIA by 1.0% in the fourth quarter. LS Investment Advisors LLC now owns 2,120 shares of the computer hardware maker’s stock worth $1,050,000 after purchasing an additional 20 shares in the last quarter. PCA Investment Advisory Services Inc. lifted its position in shares of NVIDIA by 2.5% during the third quarter. PCA Investment Advisory Services Inc. now owns 857 shares of the computer hardware maker’s stock valued at $373,000 after buying an additional 21 shares during the last quarter. IMPACTfolio LLC grew its position in shares of NVIDIA by 4.1% in the 4th quarter. IMPACTfolio LLC now owns 529 shares of the computer hardware maker’s stock worth $262,000 after buying an additional 21 shares during the last quarter. Finally, Family Legacy Inc. raised its stake in shares of NVIDIA by 4.1% during the 3rd quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock worth $241,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $902.50 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 1-year low of $258.50 and a 1-year high of $974.00. The company has a market cap of $2.26 trillion, a PE ratio of 75.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.73. The stock’s 50 day simple moving average is $758.96 and its 200-day simple moving average is $569.38.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. As a group, equities research analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Raymond James raised their target price on shares of NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th. TD Cowen upped their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Citigroup lifted their target price on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. DA Davidson upped their target price on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Wolfe Research lifted their price target on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $908.68.

Check Out Our Latest Research Report on NVDA

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold a total of 105,352 shares of company stock worth $64,853,077 in the last ninety days. Insiders own 3.99% of the company’s stock.

About NVIDIA

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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