NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Next Capital Management LLC

Next Capital Management LLC cut its position in NVIDIA Co. (NASDAQ:NVDA) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,495 shares of the computer hardware maker’s stock after selling 1,850 shares during the quarter. Next Capital Management LLC’s holdings in NVIDIA were worth $1,678,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Clear Street Derivatives LLC acquired a new stake in shares of NVIDIA in the third quarter valued at approximately $4,589,905,000. Proficio Capital Partners LLC boosted its stake 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 worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. Amundi grew its position 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 purchasing an additional 13,406,054 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 buying 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 shares of NVIDIA by 3.8% during 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 worth $21,908,236,000 after buying 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

In other news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction dated 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 approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last ninety days. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $102.67 on Thursday. The company has a market cap of $2.51 trillion, a P/E ratio of 40.41, a P/E/G ratio of 1.76 and a beta of 1.96. The business has a fifty day simple moving average of $114.42 and a 200-day simple moving average of $129.31. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVDA. Truist Financial boosted their price target on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. DA Davidson reduced their target price on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. UBS Group dropped their price target on shares of NVIDIA from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $165.01.

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.