Baillie Gifford & Co. Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

Baillie Gifford & Co. lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,892,836 shares of the computer hardware maker’s stock after selling 10,606,862 shares during the quarter. NVIDIA comprises about 5.5% of Baillie Gifford & Co.’s investment portfolio, making the stock its 3rd biggest position. Baillie Gifford & Co.’s holdings in NVIDIA were worth $7,102,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the 4th quarter valued at $34,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter worth $40,000. DHJJ Financial Advisors Ltd. raised its holdings in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 140 shares during the period. Lowe Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter worth $46,000. Finally, 1620 Investment Advisors Inc. raised its holdings in NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after acquiring an additional 248 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 0.7 %

NASDAQ NVDA opened at $117.70 on Friday. The firm has a market cap of $2.87 trillion, a PE ratio of 46.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13. The stock’s 50 day simple moving average is $126.92 and its 200 day simple moving average is $131.02. 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 released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NVDA shares. KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a report on Wednesday. Susquehanna reiterated a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday. Four investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.51.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 179,109 shares of company stock worth $22,117,015. Insiders own 4.23% of the company’s stock.

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.