Tilt Investment Management Holdings PBC Sells 9,649 Shares of NVIDIA Co. (NASDAQ:NVDA)

Tilt Investment Management Holdings PBC cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 48.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,295 shares of the computer hardware maker’s stock after selling 9,649 shares during the quarter. NVIDIA comprises approximately 5.5% of Tilt Investment Management Holdings PBC’s holdings, making the stock its 3rd largest position. Tilt Investment Management Holdings PBC’s holdings in NVIDIA were worth $5,098,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in NVIDIA by 54,019.5% during the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after purchasing an additional 16,835,703 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of NVIDIA by 1.1% during 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 during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in NVIDIA in the 3rd quarter valued at $728,543,000. California Public Employees Retirement System raised its holdings in NVIDIA by 31.0% in the 3rd quarter. California Public Employees Retirement System now owns 5,671,622 shares of the computer hardware maker’s stock worth $2,467,099,000 after acquiring an additional 1,342,875 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in NVIDIA by 99.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,384,968 shares of the computer hardware maker’s stock worth $1,037,437,000 after acquiring an additional 1,189,495 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated 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 owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of NVIDIA 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 transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 6.2 %

Shares of NVDA opened at $877.35 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 company has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.48, a PEG ratio of 1.14 and a beta of 1.73. The stock has a fifty day moving average price of $854.40 and a two-hundred day moving average price of $635.34. NVIDIA Co. has a 52-week low of $266.25 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the business posted $0.65 earnings per share. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. Analysts predict that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid 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 1.34%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NVDA. Benchmark reiterated a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. TD Cowen increased their price objective on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. The Goldman Sachs Group boosted their target price on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Wolfe Research increased their price target on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

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.