NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Trimmed by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,336,974 shares of the computer hardware maker’s stock after selling 163,202 shares during the period. NVIDIA accounts for approximately 3.1% of Edmond DE Rothschild Holding S.A.’s holdings, making the stock its 7th biggest holding. Edmond DE Rothschild Holding S.A.’s holdings in NVIDIA were worth $179,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 4th quarter worth $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the fourth quarter valued at about $46,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Up 2.6 %

NVIDIA stock opened at $114.50 on Friday. The firm has a 50-day moving average price of $110.85 and a two-hundred day moving average price of $128.19. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The firm has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 45.06, a PEG 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 (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) 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 business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Wall Street Analyst Weigh In

Several analysts have issued reports on NVDA shares. Barclays lowered their price objective on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a report on Friday, April 25th. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Finally, TD Cowen decreased their price target on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. One investment 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.96.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

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.