Smithbridge Asset Management Inc. DE Has $6.38 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Smithbridge Asset Management Inc. DE decreased its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,885 shares of the computer hardware maker’s stock after selling 240 shares during the quarter. NVIDIA makes up about 1.5% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 20th biggest position. Smithbridge Asset Management Inc. DE’s holdings in NVIDIA were worth $6,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in NVIDIA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after buying an additional 2,287,471 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NVIDIA by 0.6% during the 1st quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock valued at $12,763,663,000 after purchasing an additional 267,061 shares in the last quarter. Morgan Stanley raised its holdings in shares of NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter valued at $3,900,874,000. Finally, Northern Trust Corp raised its holdings in shares of NVIDIA by 3.6% during the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after purchasing an additional 910,009 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, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’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 transaction, the insider now directly 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 SEC, which is available at this hyperlink. Also, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the transaction, the executive vice president now directly owns 48,360 shares of the company’s stock, valued at $24,180,000. The disclosure for this sale can be found here. Insiders sold 105,352 shares of company stock valued at $64,853,077 in the last ninety days. Insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent research reports. Sanford C. Bernstein raised their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Piper Sandler Companies raised their price target on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Raymond James raised their price target on shares of NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. Finally, The Goldman Sachs Group raised their target price on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $908.68.

Read Our Latest Stock Report on NVDA

NVIDIA Price Performance

Shares of NVIDIA stock opened at $903.56 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm’s 50-day simple moving average is $778.63 and its 200-day simple moving average is $577.15. NVIDIA Co. has a twelve month low of $262.20 and a twelve month high of $974.00. The firm has a market cap of $2.26 trillion, a P/E ratio of 75.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

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.

Featured Articles

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.