NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 87.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 630 shares of the computer hardware maker’s stock after selling 4,270 shares during the quarter. NVIDIA accounts for 1.1% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 21st biggest position. Mizuho Securities Co. Ltd.’s holdings in NVIDIA were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Schnieders Capital Management LLC boosted its stake in NVIDIA by 33.3% in the fourth quarter. Schnieders Capital Management LLC now owns 6,806 shares of the computer hardware maker’s stock valued at $3,370,000 after acquiring an additional 1,700 shares during the period. Fountainhead AM LLC boosted its position in shares of NVIDIA by 41.8% during the fourth quarter. Fountainhead AM LLC now owns 3,282 shares of the computer hardware maker’s stock worth $1,625,000 after buying an additional 968 shares during the period. Kennicott Capital Management LLC acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $482,000. Private Management Group Inc. acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $229,000. Finally, Cumberland Partners Ltd boosted its position in shares of NVIDIA by 96.7% during the fourth quarter. Cumberland Partners Ltd now owns 1,119 shares of the computer hardware maker’s stock worth $547,000 after buying an additional 550 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction 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 transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction 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. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last three months. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $858.17 on Friday. The company has a market capitalization of $2.15 trillion, a PE ratio of 71.87, a PEG ratio of 1.24 and a beta of 1.75. 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’s 50 day moving average price is $865.39 and its 200 day moving average price is $646.31. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) 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 company 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 EPS. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. Research analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna reiterated a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a research report on Thursday, April 4th. Craig Hallum boosted their price objective on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. The Goldman Sachs Group boosted their price objective on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Morgan Stanley boosted their target price on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Four 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $941.55.

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.