NVIDIA Co. (NASDAQ:NVDA) Holdings Reduced by Conway Capital Management Inc.

Conway Capital Management Inc. lowered its holdings in NVIDIA Co. (NASDAQ:NVDA) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,022 shares of the computer hardware maker’s stock after selling 21,553 shares during the quarter. NVIDIA accounts for about 12.7% of Conway Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Conway Capital Management Inc.’s holdings in NVIDIA were worth $28,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. FCG Investment Co lifted its holdings in NVIDIA by 7.0% in the fourth quarter. FCG Investment Co now owns 69,862 shares of the computer hardware maker’s stock valued at $9,382,000 after acquiring an additional 4,565 shares during the period. Key Client Fiduciary Advisors LLC lifted its stake in shares of NVIDIA by 2.6% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 39,425 shares of the computer hardware maker’s stock worth $5,294,000 after purchasing an additional 1,016 shares during the period. Apeiron RIA LLC grew its position in NVIDIA by 10.3% during the fourth quarter. Apeiron RIA LLC now owns 15,605 shares of the computer hardware maker’s stock valued at $2,096,000 after buying an additional 1,451 shares during the period. Verde Capital Management grew its position in NVIDIA by 3.6% during the fourth quarter. Verde Capital Management now owns 53,041 shares of the computer hardware maker’s stock valued at $7,123,000 after buying an additional 1,853 shares during the period. Finally, Seros Financial LLC bought a new stake in NVIDIA during the fourth quarter valued at approximately $1,831,000. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company boosted their price target on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Truist Financial lifted their price objective on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.23.

NVIDIA Stock Up 2.6 %

Shares of NASDAQ NVDA opened at $138.85 on Friday. NVIDIA Co. has a 1 year low of $66.25 and a 1 year high of $153.13. The firm has a 50-day simple moving average of $134.52 and a two-hundred day simple moving average of $130.07. The company has a market cap of $3.40 trillion, a P/E ratio of 54.64, a PEG ratio of 1.62 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. Research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio is presently 1.57%.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. 4.23% of the stock is owned by corporate insiders.

NVIDIA 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.