NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Decreased by Concentric Capital Strategies LP

Concentric Capital Strategies LP trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 42.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 195,321 shares of the computer hardware maker’s stock after selling 142,376 shares during the period. NVIDIA accounts for 1.2% of Concentric Capital Strategies LP’s investment portfolio, making the stock its 10th biggest holding. Concentric Capital Strategies LP’s holdings in NVIDIA were worth $26,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Financial Group LLC NE purchased a new stake in shares of NVIDIA during the 4th quarter worth about $806,000. Cornerstone Select Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $5,567,000. Crestline Management LP increased its holdings in NVIDIA by 159.2% in the fourth quarter. Crestline Management LP now owns 703,108 shares of the computer hardware maker’s stock worth $94,420,000 after buying an additional 431,805 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in NVIDIA by 1.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,731,450 shares of the computer hardware maker’s stock valued at $769,676,000 after acquiring an additional 89,883 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC lifted its stake in NVIDIA by 7.2% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 6,043,300 shares of the computer hardware maker’s stock valued at $811,555,000 after acquiring an additional 406,000 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the topic of several analyst reports. William Blair restated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. TD Cowen decreased their target price on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a research note on Friday, April 25th. Finally, DA Davidson decreased their price objective on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.53.

NVIDIA Price Performance

Shares of NVDA stock opened at $131.29 on Monday. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11. The stock’s 50-day simple moving average is $113.89 and its 200-day simple moving average is $126.65.

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 net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value 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 $360,509,924.95. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is owned by company 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.