Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Sells 18,690 Shares of NVIDIA Co. (NASDAQ:NVDA)

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,633 shares of the computer hardware maker’s stock after selling 18,690 shares during the period. NVIDIA makes up about 1.9% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s investment portfolio, making the stock its 19th largest position. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in NVIDIA were worth $7,733,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NVDA. Clear Street Derivatives LLC purchased a new position in shares of NVIDIA in the 3rd quarter worth approximately $4,589,905,000. Proficio Capital Partners LLC raised its holdings in NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after buying an additional 34,441,082 shares during the period. Amundi boosted its stake in NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker’s stock worth $16,394,224,000 after buying an additional 13,406,054 shares during the period. Geode Capital Management LLC increased its position in NVIDIA by 2.2% during the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock valued at $66,101,133,000 after acquiring an additional 11,525,969 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NVIDIA by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker’s stock valued at $21,908,236,000 after acquiring an additional 6,526,200 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last quarter. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 6.9 %

NASDAQ:NVDA opened at $104.49 on Thursday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The company has a market cap of $2.55 trillion, a PE ratio of 41.12, a P/E/G ratio of 1.76 and a beta of 1.96. The company’s 50 day moving average is $117.83 and its two-hundred day moving average is $130.03.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America dropped their price target on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. DA Davidson dropped their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Wednesday. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.64.

About NVIDIA

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.