NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Mirova US LLC

Mirova US LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 939,647 shares of the computer hardware maker’s stock after selling 6,424 shares during the quarter. NVIDIA comprises about 7.0% of Mirova US LLC’s investment portfolio, making the stock its 4th biggest holding. Mirova US LLC’s holdings in NVIDIA were worth $465,332,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Benchmark Financial Wealth Advisors LLC boosted its holdings in NVIDIA by 1.8% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 6,623 shares of the computer hardware maker’s stock worth $2,881,000 after acquiring an additional 117 shares during the period. Summit Global Investments grew its holdings in NVIDIA by 22.7% during the 3rd quarter. Summit Global Investments now owns 22,794 shares of the computer hardware maker’s stock worth $9,915,000 after acquiring an additional 4,216 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in NVIDIA by 2.9% during the 3rd quarter. Sunflower Bank N.A. now owns 2,169 shares of the computer hardware maker’s stock worth $943,000 after buying an additional 62 shares during the last quarter. Hengehold Capital Management LLC boosted its holdings in NVIDIA by 2.3% in the third quarter. Hengehold Capital Management LLC now owns 3,083 shares of the computer hardware maker’s stock worth $1,341,000 after purchasing an additional 68 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 11.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,162 shares of the computer hardware maker’s stock valued at $989,000 after buying an additional 216 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 3.7 %

Shares of NVDA opened at $826.32 on Friday. NVIDIA Co. has a 52 week low of $266.25 and a 52 week high of $974.00. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 69.21, a P/E/G ratio of 1.14 and a beta of 1.73. The company has a 50-day simple moving average of $851.37 and a 200-day simple moving average of $632.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, equities research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NVDA. Tigress Financial lifted their target price on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft increased their target price on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. Susquehanna restated a “positive” rating and set a $1,050.00 price target on shares of NVIDIA in a research report on Thursday, April 4th. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Finally, KeyCorp upped their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Four investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Insiders own 3.99% of the company’s stock.

NVIDIA 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.