NVIDIA Co. (NASDAQ:NVDA) is New York State Common Retirement Fund’s 4th Largest Position

New York State Common Retirement Fund trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,548,379 shares of the computer hardware maker’s stock after selling 245,531 shares during the period. NVIDIA makes up approximately 2.4% of New York State Common Retirement Fund’s holdings, making the stock its 4th biggest holding. New York State Common Retirement Fund’s holdings in NVIDIA were worth $1,757,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the fourth quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA during the 3rd quarter valued at $30,000. O Brien Wealth Partners LLC lifted its position in NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its stake in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 11,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the sale, the director now owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last quarter. 3.99% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $830.41 on Thursday. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 69.55, a PEG ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $863.93 and a 200 day moving average price of $644.83.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 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 during the quarter, compared to the consensus estimate of $20.40 billion. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Sell-side analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NVDA shares. Evercore ISI began coverage on shares of NVIDIA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Mizuho raised their price target on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Jefferies Financial Group upped their price objective on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Piper Sandler Companies lifted their target price on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $941.55.

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.