Two Sigma Investments LP decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 11.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,821,145 shares of the computer hardware maker’s stock after selling 235,443 shares during the period. NVIDIA makes up approximately 0.5% of Two Sigma Investments LP’s holdings, making the stock its 17th biggest holding. Two Sigma Investments LP’s holdings in NVIDIA were worth $244,562,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Hickory Point Bank & Trust purchased a new position in shares of NVIDIA in the fourth quarter worth about $2,272,000. Capital Performance Advisors LLP increased its holdings in shares of NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker’s stock worth $3,586,000 after buying an additional 9,944 shares during the period. Waddell & Associates LLC increased its holdings in shares of NVIDIA by 1.2% in the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock worth $3,240,000 after buying an additional 297 shares during the period. Strategy Asset Managers LLC increased its holdings in shares of NVIDIA by 0.8% in the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker’s stock worth $7,024,000 after buying an additional 405 shares during the period. Finally, Ethos Financial Group LLC increased its holdings in shares of NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker’s stock worth $4,312,000 after buying an additional 6,241 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on NVDA. DA Davidson lifted their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday. HSBC downgraded 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, Truist Financial boosted their price target on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $171.66.
Read Our Latest Stock Analysis on NVDA
Insider Activity at NVIDIA
In related news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is owned by corporate insiders.
NVIDIA Stock Performance
Shares of NVDA opened at $134.28 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $115.48 and its 200-day moving average price is $126.52. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a market cap of $3.28 trillion, a P/E ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was up 69.2% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.
NVIDIA Profile
(Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.
