Geneva Partners LLC Sells 386 Shares of NVIDIA Co. (NASDAQ:NVDA)

Geneva Partners LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,921 shares of the computer hardware maker’s stock after selling 386 shares during the quarter. NVIDIA comprises about 4.1% of Geneva Partners LLC’s investment portfolio, making the stock its 5th biggest position. Geneva Partners LLC’s holdings in NVIDIA were worth $7,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in shares of 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 worth $8,352,811,000 after purchasing an additional 16,835,703 shares during the period. Vanguard Group Inc. grew its position in NVIDIA by 1.1% during 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. J.P. Morgan Private Wealth Advisors LLC bought a new position in NVIDIA during the 3rd quarter worth $728,543,000. California Public Employees Retirement System increased its stake in NVIDIA by 31.0% during 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. raised its holdings in NVIDIA by 99.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,384,968 shares of the computer hardware maker’s stock valued at $1,037,437,000 after acquiring an additional 1,189,495 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated 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 $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 in the last three months. Company insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 6.2 %

NASDAQ NVDA opened at $877.35 on Monday. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 73.48, a P/E/G ratio of 1.26 and a beta of 1.73. The business has a 50 day simple moving average of $854.40 and a 200 day simple moving average of $637.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a one year low of $266.25 and a one year high of $974.00.

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

NVIDIA Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on NVDA shares. The Goldman Sachs Group increased their target price on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Mizuho increased their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Morgan Stanley upped their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Oppenheimer boosted their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 target price on shares of NVIDIA in a report on Thursday, April 4th. Four equities 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

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.