PARUS FINANCE UK Ltd Sells 36,935 Shares of NVIDIA Co. (NASDAQ:NVDA)

PARUS FINANCE UK Ltd lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,010 shares of the computer hardware maker’s stock after selling 36,935 shares during the period. NVIDIA accounts for 11.9% of PARUS FINANCE UK Ltd’s portfolio, making the stock its largest position. PARUS FINANCE UK Ltd’s holdings in NVIDIA were worth $38,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. increased its position in NVIDIA by 0.3% in the fourth quarter. MV Capital Management Inc. now owns 121,221 shares of the computer hardware maker’s stock worth $16,279,000 after purchasing an additional 323 shares during the period. Strategy Asset Managers LLC boosted its stake in NVIDIA by 0.8% in the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock worth $7,024,000 after purchasing an additional 405 shares during the period. Allianz SE bought a new stake in NVIDIA in the 4th quarter valued at approximately $125,654,000. Cambridge Financial Group Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth about $8,379,000. Finally, Tucker Asset Management LLC raised its stake in shares of NVIDIA by 5.6% during the 4th quarter. Tucker Asset Management LLC now owns 101,792 shares of the computer hardware maker’s stock worth $13,670,000 after purchasing an additional 5,438 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 2.5 %

NVIDIA stock opened at $111.61 on Friday. The firm has a market capitalization of $2.72 trillion, a price-to-earnings ratio of 43.92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The firm’s fifty day moving average price is $111.09 and its two-hundred day moving average price is $128.31. NVIDIA Co. has a 1-year low of $83.20 and a 1-year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on NVDA shares. Susquehanna reiterated a “positive” rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Citigroup restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.96.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company’s stock.

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.