WIM INVESTMENT MANAGEMENT Ltd Has $10.07 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

WIM INVESTMENT MANAGEMENT Ltd cut its position in NVIDIA Co. (NASDAQ:NVDA) by 41.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,000 shares of the computer hardware maker’s stock after selling 53,500 shares during the period. NVIDIA comprises 3.5% of WIM INVESTMENT MANAGEMENT Ltd’s portfolio, making the stock its 8th largest holding. WIM INVESTMENT MANAGEMENT Ltd’s holdings in NVIDIA were worth $10,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Koss Olinger Consulting LLC raised its position in NVIDIA by 18.7% during the fourth quarter. Koss Olinger Consulting LLC now owns 63,910 shares of the computer hardware maker’s stock valued at $8,582,000 after purchasing an additional 10,057 shares during the period. Vinva Investment Management Ltd raised its holdings in NVIDIA by 7.9% during the 4th quarter. Vinva Investment Management Ltd now owns 1,250,923 shares of the computer hardware maker’s stock valued at $171,989,000 after buying an additional 91,468 shares during the period. Platinum Investment Management Ltd. lifted its position in NVIDIA by 109.3% in the fourth quarter. Platinum Investment Management Ltd. now owns 1,582 shares of the computer hardware maker’s stock worth $212,000 after buying an additional 826 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in NVIDIA during the fourth quarter worth $287,000. Finally, Saiph Capital LLC increased its position in NVIDIA by 14.6% during the fourth quarter. Saiph Capital LLC now owns 12,699 shares of the computer hardware maker’s stock valued at $1,705,000 after acquiring an additional 1,620 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $102.67 on Thursday. The company has a 50 day moving average of $114.42 and a two-hundred day moving average of $129.31. The company has a market cap of $2.51 trillion, a price-to-earnings ratio of 40.41, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. 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 Co. has a twelve month low of $78.22 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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 analysts’ expectations of $38.16 billion. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, 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 available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was 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 directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This represents a 2.11 % 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 three months. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of several analyst reports. Bank of America lowered 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, April 16th. UBS Group decreased their price objective on shares of NVIDIA from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Mizuho dropped their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Piper Sandler reduced their price target on NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Six equities research 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’s stock. Based on data from MarketBeat.com, the stock 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.