NVIDIA Co. (NASDAQ:NVDA) is Lazard Freres Gestion S.A.S.’s 10th Largest Position

Lazard Freres Gestion S.A.S. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,182,368 shares of the computer hardware maker’s stock after selling 211,408 shares during the quarter. NVIDIA comprises about 3.2% of Lazard Freres Gestion S.A.S.’s portfolio, making the stock its 10th biggest holding. Lazard Freres Gestion S.A.S.’s holdings in NVIDIA were worth $158,780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Clear Street Derivatives LLC purchased a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $4,589,905,000. Proficio Capital Partners LLC increased its position in shares of NVIDIA by 14,641.2% in 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 purchasing an additional 34,441,082 shares during the last quarter. Amundi lifted its holdings in NVIDIA by 12.9% during the 4th 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 last quarter. Geode Capital Management LLC increased its stake in NVIDIA by 2.2% in 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 purchasing an additional 11,525,969 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were 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 directly owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last three months. 4.23% of the stock is owned by insiders.

NVIDIA Stock Down 3.0 %

NVDA stock opened at $101.33 on Friday. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The firm has a 50 day simple moving average of $117.19 and a 200 day simple moving average of $129.89. The firm has a market cap of $2.47 trillion, a PE ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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 the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts forecast 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. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. 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 presently 1.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NVDA shares. Bank of America reduced their target price on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Mizuho decreased their price objective on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.51.

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.