NVIDIA Co. (NASDAQ:NVDA) is Securian Asset Management Inc.’s 2nd Largest Position

Securian Asset Management Inc. decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,318,383 shares of the computer hardware maker’s stock after selling 42,205 shares during the period. NVIDIA comprises 5.2% of Securian Asset Management Inc.’s portfolio, making the stock its 2nd largest holding. Securian Asset Management Inc.’s holdings in NVIDIA were worth $177,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Forge First Asset Management Inc. lifted its holdings in NVIDIA by 219.9% in the fourth quarter. Forge First Asset Management Inc. now owns 7,710 shares of the computer hardware maker’s stock valued at $1,035,000 after acquiring an additional 5,300 shares during the period. Liberty Wealth Management LLC increased its holdings in shares of NVIDIA by 5.2% in the 4th quarter. Liberty Wealth Management LLC now owns 98,532 shares of the computer hardware maker’s stock valued at $13,232,000 after purchasing an additional 4,862 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in shares of NVIDIA by 4.7% in the fourth quarter. Great Lakes Advisors LLC now owns 1,262,357 shares of the computer hardware maker’s stock valued at $169,522,000 after purchasing an additional 57,024 shares during the period. Westchester Capital Management Inc. boosted its holdings in NVIDIA by 247.3% during the fourth quarter. Westchester Capital Management Inc. now owns 11,235 shares of the computer hardware maker’s stock worth $1,509,000 after buying an additional 8,000 shares in the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of NVIDIA by 1.1% during the 4th quarter. Truvestments Capital LLC now owns 174,511 shares of the computer hardware maker’s stock valued at $23,435,000 after acquiring an additional 1,924 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA stock opened at $104.49 on Thursday. The company’s fifty day moving average price is $117.83 and its two-hundred day moving average price is $130.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $2.55 trillion, a P/E ratio of 41.12, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares of the company’s stock, valued at approximately $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 147,147 shares of company stock worth $17,133,207 in the last ninety days. 4.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Rosenblatt Securities lowered their price target on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley set a $162.00 price target on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Benchmark reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Bank of America reduced their price target on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.