Caerus Investment Advisors LLC Lowers Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Caerus Investment Advisors LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 36.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,235 shares of the computer hardware maker’s stock after selling 718 shares during the period. NVIDIA comprises approximately 0.6% of Caerus Investment Advisors LLC’s holdings, making the stock its 21st biggest holding. Caerus Investment Advisors LLC’s holdings in NVIDIA were worth $612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Norges Bank purchased a new stake in shares of NVIDIA in the fourth quarter worth about $3,900,874,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of NVIDIA by 160,446.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after buying an additional 19,574,443 shares in the last quarter. Morgan Stanley lifted its holdings in shares of NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after buying an additional 4,621,002 shares in the last quarter. Barclays PLC lifted its holdings in shares of NVIDIA by 55.7% in the second quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after buying an additional 2,740,850 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of NVIDIA by 1.1% in the third 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. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 11,000 shares of NVIDIA stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the transaction, the director now owns 1,074,833 shares of the company’s stock, valued at approximately $973,422,506.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Mark A. Stevens sold 11,000 shares of NVIDIA stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the transaction, the director now owns 1,074,833 shares of the company’s stock, valued at approximately $973,422,506.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $500.00, for a total value 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 approximately $24,180,000. The disclosure for this sale can be found here. Insiders sold a total of 116,352 shares of company stock valued at $74,815,227 in the last quarter. 3.99% of the stock is owned by insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $889.64 on Thursday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 74.51, a P/E/G ratio of 1.30 and a beta of 1.73. The business has a fifty day simple moving average of $790.68 and a two-hundred day simple moving average of $585.28. NVIDIA Co. has a 12 month low of $262.20 and a 12 month high of $974.00.

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

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NVDA. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. Tigress Financial raised their target price on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. DA Davidson raised their target price on shares of NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Jefferies Financial Group raised their target price on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer raised their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $908.68.

Check Out Our Latest Report on NVIDIA

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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