NVIDIA Co. (NASDAQ:NVDA) Stock Position Lessened by Meeder Asset Management Inc.

Meeder Asset Management Inc. cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 567,330 shares of the computer hardware maker’s stock after selling 88,435 shares during the quarter. NVIDIA comprises about 5.3% of Meeder Asset Management Inc.’s holdings, making the stock its 4th largest position. Meeder Asset Management Inc.’s holdings in NVIDIA were worth $76,187,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SOA Wealth Advisors LLC. grew its position in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after purchasing an additional 350 shares in the last quarter. Swedbank AB boosted its stake in NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after buying an additional 1,868,358 shares during the period. Principal Financial Group Inc. grew its position in NVIDIA by 3.7% during the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock worth $4,326,576,000 after buying an additional 1,285,897 shares in the last quarter. Spinnaker Investment Group LLC increased its stake in NVIDIA by 2.7% in the 3rd quarter. Spinnaker Investment Group LLC now owns 25,274 shares of the computer hardware maker’s stock worth $3,069,000 after acquiring an additional 661 shares during the last quarter. Finally, Mount Lucas Management LP raised its holdings in shares of NVIDIA by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 6,734 shares of the computer hardware maker’s stock valued at $818,000 after acquiring an additional 156 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVDA. Raymond James reissued a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Barclays cut their price target on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Benchmark restated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Mizuho lowered their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $164.96.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of the firm’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 transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $114.50 on Friday. The company’s 50-day moving average is $110.85 and its 200 day moving average is $128.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $2.79 trillion, a P/E ratio of 45.06, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating 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 company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

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.