DSM Capital Partners LLC Has $823.25 Million Position in NVIDIA Co. (NASDAQ:NVDA)

DSM Capital Partners LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 6.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,130,416 shares of the computer hardware maker’s stock after selling 411,596 shares during the period. NVIDIA makes up about 12.7% of DSM Capital Partners LLC’s investment portfolio, making the stock its largest position. DSM Capital Partners LLC’s holdings in NVIDIA were worth $823,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the 4th quarter worth approximately $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $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 last quarter. Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $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 last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,109 shares of company stock valued at $22,117,015. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 0.7 %

Shares of NVDA stock opened at $117.70 on Monday. The stock has a market cap of $2.87 trillion, a P/E ratio of 46.32, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. 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 company’s fifty day simple moving average is $126.92 and its two-hundred day simple moving average is $131.36.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for 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%. Analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NVDA. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.51.

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.