NVIDIA Co. (NASDAQ:NVDA) is Slow Capital Inc.’s Largest Position

Slow Capital Inc. trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 61,472 shares of the computer hardware maker’s stock after selling 1,613 shares during the period. NVIDIA makes up approximately 5.3% of Slow Capital Inc.’s holdings, making the stock its largest holding. Slow Capital Inc.’s holdings in NVIDIA were worth $30,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Elite Wealth Management Inc. raised its holdings in shares of NVIDIA by 1.3% during the fourth quarter. Elite Wealth Management Inc. now owns 43,464 shares of the computer hardware maker’s stock valued at $21,524,000 after purchasing an additional 557 shares during the last quarter. Sfmg LLC lifted its holdings in shares of NVIDIA by 3.5% in the fourth quarter. Sfmg LLC now owns 14,728 shares of the computer hardware maker’s stock worth $7,293,000 after buying an additional 494 shares in the last quarter. Quantum Private Wealth LLC increased its holdings in shares of NVIDIA by 2.4% in the 4th quarter. Quantum Private Wealth LLC now owns 10,776 shares of the computer hardware maker’s stock worth $5,336,000 after buying an additional 252 shares during the last quarter. Phoenix Wealth Advisors grew its stake in shares of NVIDIA by 2.7% during the fourth quarter. Phoenix Wealth Advisors now owns 1,383 shares of the computer hardware maker’s stock valued at $666,000 after buying an additional 37 shares during the last quarter. Finally, TRUE Private Wealth Advisors increased its position in shares of NVIDIA by 1.0% during the fourth quarter. TRUE Private Wealth Advisors now owns 9,001 shares of the computer hardware maker’s stock worth $4,457,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. CICC Research started coverage on NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price for the company. The Goldman Sachs Group increased their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. KeyCorp raised their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, HSBC upped their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Trading Up 3.7 %

NASDAQ NVDA opened at $826.32 on Friday. The firm’s fifty day moving average price is $851.37 and its 200 day moving average price is $632.39. NVIDIA Co. has a 12 month low of $266.25 and a 12 month high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 69.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the company posted $0.65 earnings per share. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

Insider Activity

In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 128 shares of the 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 approximately $1,931,700. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by company insiders.

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.