NVIDIA Co. (NASDAQ:NVDA) Position Lowered by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 83.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,068 shares of the computer hardware maker’s stock after selling 197,094 shares during the period. NVIDIA accounts for 4.7% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 7th largest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in NVIDIA were worth $4,744,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Seelaus Asset Management LLC increased its stake in NVIDIA by 4.1% in the 3rd quarter. Seelaus Asset Management LLC now owns 9,985 shares of the computer hardware maker’s stock worth $1,213,000 after acquiring an additional 395 shares during the last quarter. Spectrum Investment Advisors Inc. increased its position in NVIDIA by 9.8% in the third quarter. Spectrum Investment Advisors Inc. now owns 3,515 shares of the computer hardware maker’s stock worth $427,000 after purchasing an additional 315 shares during the last quarter. Valley Wealth Managers Inc. raised its stake in NVIDIA by 34.3% during the third quarter. Valley Wealth Managers Inc. now owns 25,477 shares of the computer hardware maker’s stock valued at $3,094,000 after purchasing an additional 6,510 shares in the last quarter. Empirical Finance LLC lifted its position in NVIDIA by 1.8% during the third quarter. Empirical Finance LLC now owns 876,401 shares of the computer hardware maker’s stock valued at $106,430,000 after purchasing an additional 15,682 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of NVIDIA by 6.2% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 85,844 shares of the computer hardware maker’s stock worth $10,425,000 after buying an additional 5,028 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. TD Cowen boosted their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Citigroup boosted their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. DA Davidson raised their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, William Blair began coverage on NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Performance

NVDA opened at $134.29 on Thursday. 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 firm’s 50-day moving average price is $139.55 and its 200-day moving average price is $128.09. NVIDIA Co. has a 52-week low of $47.32 and a 52-week high of $152.89. The company has a market cap of $3.29 trillion, a P/E ratio of 52.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. As a group, equities analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. 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 (DPR) is 1.57%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,226,886 shares of company stock worth $161,499,400. 4.23% of the stock is owned by corporate 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.