J. Stern & Co. LLP Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

J. Stern & Co. LLP decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 858,753 shares of the computer hardware maker’s stock after selling 82,031 shares during the period. NVIDIA accounts for about 10.9% of J. Stern & Co. LLP’s investment portfolio, making the stock its largest position. J. Stern & Co. LLP’s holdings in NVIDIA were worth $115,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NVDA. Norges Bank purchased a new stake in NVIDIA during the 4th quarter valued at approximately $43,515,504,000. Proficio Capital Partners LLC grew its holdings in NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after buying an additional 34,441,082 shares in the last quarter. Capital International Investors grew its holdings in NVIDIA by 34.7% during the 4th quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker’s stock valued at $8,445,182,000 after buying an additional 16,189,550 shares in the last quarter. APG Asset Management N.V. grew its holdings in NVIDIA by 493.2% during the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker’s stock valued at $2,388,272,000 after buying an additional 15,311,330 shares in the last quarter. Finally, GQG Partners LLC grew its holdings in NVIDIA by 132.3% during the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker’s stock valued at $3,450,975,000 after buying an additional 14,636,057 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.4%

NASDAQ:NVDA opened at $135.40 on Monday. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The stock has a fifty day simple moving average of $112.33 and a 200-day simple moving average of $126.93. 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 released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $38.16 billion. Analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NVDA shares. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a report on Friday, April 25th. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Mizuho cut their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Finally, Susquehanna reissued a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.84.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were 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. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by insiders.

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.