Greencape Capital Pty Ltd Trims Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Greencape Capital Pty Ltd decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,110 shares of the computer hardware maker’s stock after selling 77,211 shares during the quarter. NVIDIA makes up 39.6% of Greencape Capital Pty Ltd’s investment portfolio, making the stock its biggest holding. Greencape Capital Pty Ltd’s holdings in NVIDIA were worth $77,804,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Peoples Financial Services CORP. bought a new stake in shares of NVIDIA in the third quarter worth $30,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA in the third quarter worth $30,000. Quarry LP bought a new stake in NVIDIA during the first quarter valued at $34,000. Finally, Compass Wealth Management LLC bought a new stake in NVIDIA during the fourth quarter valued at $39,000. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group upped their price target on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. TD Cowen upped their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. Raymond James upped their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday. Finally, Mizuho increased their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $926.30.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 in the last quarter. Insiders own 3.99% of the company’s stock.

NVIDIA Trading Down 2.7 %

Shares of NVDA stock opened at $881.86 on Monday. The company has a 50 day moving average of $830.93 and a 200-day moving average of $610.79. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $262.20 and a 12-month high of $974.00. The firm has a market cap of $2.20 trillion, a P/E ratio of 73.86, a PEG ratio of 1.27 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the business posted $0.65 EPS. NVIDIA’s quarterly revenue was up 265.3% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is currently 1.34%.

About NVIDIA

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.