Broad Peak Investment Holdings Ltd. Sells 79,000 Shares of NVIDIA Co. (NASDAQ:NVDA)

Broad Peak Investment Holdings Ltd. decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 42.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 106,500 shares of the computer hardware maker’s stock after selling 79,000 shares during the period. NVIDIA accounts for about 8.5% of Broad Peak Investment Holdings Ltd.’s holdings, making the stock its 6th largest position. Broad Peak Investment Holdings Ltd.’s holdings in NVIDIA were worth $52,741,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NVDA. United Bank increased its holdings in shares of NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after acquiring an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after acquiring an additional 249,045 shares during the last quarter. MAS Advisors LLC boosted its stake in NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after purchasing an additional 583 shares during the period. Navis Wealth Advisors LLC boosted its stake in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after purchasing an additional 1,950 shares during the period. Finally, Ergoteles LLC bought a new stake in NVIDIA during the 1st quarter valued at approximately $929,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 2.0 %

NVDA stock opened at $870.39 on Thursday. The business has a fifty day moving average price of $821.01 and a 200 day moving average price of $602.87. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 72.90, a P/E/G ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. Analysts expect that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Insider Activity

In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 36,000 shares of NVIDIA stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,278 shares of company stock valued at $72,380,098. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Mizuho increased their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Piper Sandler Companies increased their target price on NVIDIA to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Benchmark restated a “buy” rating and set a $1,000.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Truist Financial increased their target price on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $916.30.

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.