Graphene Investments SAS Has $2.63 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Graphene Investments SAS cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,300 shares of the computer hardware maker’s stock after selling 700 shares during the period. Graphene Investments SAS’s holdings in NVIDIA were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Keener Financial Planning LLC acquired a new position in NVIDIA in the 4th quarter worth $213,000. Harbour Trust & Investment Management Co acquired a new position in NVIDIA in the 4th quarter worth $55,749,000. Sather Financial Group Inc boosted its stake in NVIDIA by 7.6% in the 4th quarter. Sather Financial Group Inc now owns 596 shares of the computer hardware maker’s stock worth $295,000 after purchasing an additional 42 shares during the period. Hemington Wealth Management boosted its stake in shares of NVIDIA by 39.9% during the 4th quarter. Hemington Wealth Management now owns 2,551 shares of the computer hardware maker’s stock worth $1,263,000 after buying an additional 728 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in shares of NVIDIA by 0.4% during the 4th quarter. Toth Financial Advisory Corp now owns 4,992 shares of the computer hardware maker’s stock worth $2,472,000 after buying an additional 22 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent research reports. Craig Hallum increased their price objective on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Piper Sandler Companies increased their price objective on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. CICC Research initiated coverage on shares of NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective for the company. Loop Capital initiated coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Finally, HSBC increased their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 over the last quarter. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $840.35 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 $2.10 trillion, a price-to-earnings ratio of 70.38, a P/E/G ratio of 1.24 and a beta of 1.73. The firm’s 50 day simple moving average is $840.89 and its 200 day simple moving average is $618.47. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, research analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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.