Value Star Asset Management Hong Kong Ltd Has $16.19 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Value Star Asset Management Hong Kong Ltd lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 33.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,690 shares of the computer hardware maker’s stock after selling 16,660 shares during the period. NVIDIA comprises about 5.5% of Value Star Asset Management Hong Kong Ltd’s portfolio, making the stock its 8th biggest holding. Value Star Asset Management Hong Kong Ltd’s holdings in NVIDIA were worth $16,188,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA during the 3rd quarter worth $30,000. Trivant Custom Portfolio Group LLC increased its holdings in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Beacon Capital Management Inc. acquired a new position in NVIDIA in the 4th quarter worth about $50,000. Valued Wealth Advisors LLC acquired a new position in NVIDIA in the 4th quarter worth about $52,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in NVIDIA in the 3rd quarter worth about $71,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 1.8 %

Shares of NVIDIA stock opened at $887.47 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. NVIDIA Co. has a 52 week low of $280.46 and a 52 week high of $974.00. The stock has a 50 day moving average price of $874.91 and a two-hundred day moving average price of $661.05. The stock has a market capitalization of $2.22 trillion, a PE ratio of 74.33, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 10,000 shares of NVIDIA 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 owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 over the last 90 days. Insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler Companies upped their target price on NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, February 20th. Benchmark reaffirmed a “buy” rating and issued a $1,000.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Craig Hallum upped their target price on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Evercore ISI began coverage on NVIDIA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 target price for the company. 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 stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $944.05.

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.