NVIDIA Co. (NASDAQ:NVDA) Stake Cut by Trivest Advisors Ltd

Trivest Advisors Ltd lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 74.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,000 shares of the computer hardware maker’s stock after selling 1,095,700 shares during the quarter. NVIDIA makes up 2.3% of Trivest Advisors Ltd’s investment portfolio, making the stock its 15th largest holding. Trivest Advisors Ltd’s holdings in NVIDIA were worth $51,030,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Milestone Resources Group Ltd grew its position in NVIDIA by 0.3% during the fourth quarter. Milestone Resources Group Ltd now owns 3,396,847 shares of the computer hardware maker’s stock valued at $456,163,000 after purchasing an additional 8,992 shares in the last quarter. Lindenwold Advisors INC boosted its stake in shares of NVIDIA by 33.8% during the 4th quarter. Lindenwold Advisors INC now owns 45,628 shares of the computer hardware maker’s stock valued at $6,127,000 after buying an additional 11,516 shares during the period. Generali Investments Management Co LLC purchased a new position in NVIDIA in the fourth quarter valued at about $22,559,000. GM Advisory Group LLC lifted its holdings in shares of NVIDIA by 0.4% during the 4th quarter. GM Advisory Group LLC now owns 250,714 shares of the computer hardware maker’s stock valued at $33,668,000 after buying an additional 1,077 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of NVIDIA by 19.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,227,710 shares of the computer hardware maker’s stock valued at $164,894,000 after buying an additional 203,201 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 3.8 %

NASDAQ NVDA opened at $102.67 on Thursday. The stock’s 50 day simple moving average is $114.42 and its 200 day simple moving average is $129.31. 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 Co. has a one year low of $78.22 and a one year high of $195.95. The firm has a market cap of $2.51 trillion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. 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 payout ratio is 1.36%.

Insider Activity

In other news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last three months. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Truist Financial boosted their price target on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Finally, HSBC downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $165.01.

NVIDIA Company 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.