NVIDIA Co. (NASDAQ:NVDA) is FengHe Fund Management Pte. Ltd.’s 9th Largest Position

FengHe Fund Management Pte. Ltd. reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 67.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,885 shares of the computer hardware maker’s stock after selling 122,600 shares during the period. NVIDIA makes up 2.3% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 9th biggest holding. FengHe Fund Management Pte. Ltd.’s holdings in NVIDIA were worth $7,773,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB grew its position in NVIDIA by 2.2% in the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after acquiring an additional 169,445 shares in the last quarter. Wealth Group Ltd. grew its position in NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock worth $680,000 after acquiring an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. grew its position in NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB lifted its stake in NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock worth $4,965,526,000 after purchasing an additional 1,868,358 shares during the last quarter. Finally, McCollum Christoferson Group LLC lifted its stake in NVIDIA by 4.5% in the third quarter. McCollum Christoferson Group LLC now owns 14,900 shares of the computer hardware maker’s stock worth $1,809,000 after purchasing an additional 640 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on 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 completion of the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 179,109 shares of company stock valued at $22,117,015 in the last three months. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $117.70 on Friday. The stock has a market capitalization of $2.87 trillion, a price-to-earnings ratio of 46.32, a PEG ratio of 1.76 and a beta of 1.77. The company has a fifty day moving average of $126.92 and a 200 day moving average of $131.02. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. 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 (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NVDA. HSBC lowered their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Wednesday. Truist Financial boosted their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research note on Wednesday. Finally, DA Davidson lowered their price objective on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

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.