NVIDIA Co. (NASDAQ:NVDA) Stake Decreased by Pinebridge Investments L.P.

Pinebridge Investments L.P. cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,150,678 shares of the computer hardware maker’s stock after selling 49,363 shares during the period. NVIDIA makes up 6.3% of Pinebridge Investments L.P.’s holdings, making the stock its biggest holding. Pinebridge Investments L.P.’s holdings in NVIDIA were worth $825,975,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC grew its holdings in shares of NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker’s stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock worth $74,439,273,000 after buying an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock worth $55,237,367,000 after buying an additional 3,721,331 shares during the last quarter. Norges Bank purchased a new stake in NVIDIA in the 4th quarter valued at $43,515,504,000. Finally, Charles Schwab Investment Management Inc. raised its position in NVIDIA by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker’s stock valued at $20,315,409,000 after purchasing an additional 5,211,040 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on 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 directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $135.40 on Monday. The company has a market capitalization of $3.31 trillion, a P/E ratio of 53.29, a PEG ratio of 1.76 and a beta of 2.11. The company has a 50-day simple moving average of $112.33 and a 200 day simple moving average of $126.93. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. 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 results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm 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%. Sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal 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 issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of analyst reports. Susquehanna restated a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Barclays decreased their target price on shares of NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. HSBC lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $164.84.

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.