Ancora Advisors LLC Has $23.70 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Ancora Advisors LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 176,482 shares of the computer hardware maker’s stock after selling 4,614 shares during the quarter. Ancora Advisors LLC’s holdings in NVIDIA were worth $23,700,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NVDA. Norges Bank acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $43,515,504,000. Northern Trust Corp boosted its holdings in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock valued at $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of NVIDIA by 14,641.2% in 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 during the last quarter. Capital International Investors boosted its holdings in shares of NVIDIA by 34.7% in 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 during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of NVIDIA by 493.2% in 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 during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated 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 sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32% 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 90 days. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James reissued a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Hsbc Global Res downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of NVIDIA in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.86.

NVIDIA Stock Down 1.2%

Shares of NASDAQ NVDA opened at $131.29 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a market capitalization of $3.21 trillion, a P/E ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11. The stock’s fifty day moving average is $113.89 and its 200 day moving average is $126.94.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (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 firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Sell-side analysts forecast 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. Shareholders 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 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

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.