Hardman Johnston Global Advisors LLC Reduces Position in NVIDIA Co. (NASDAQ:NVDA)

Hardman Johnston Global Advisors LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,666 shares of the computer hardware maker’s stock after selling 1,332 shares during the quarter. NVIDIA comprises about 3.2% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Hardman Johnston Global Advisors LLC’s holdings in NVIDIA were worth $98,383,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NVDA. United Bank increased its holdings in shares of NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after purchasing an additional 249,045 shares during the period. MAS Advisors LLC increased its holdings in shares of NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after purchasing an additional 583 shares during the period. Navis Wealth Advisors LLC increased its holdings in shares of NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after purchasing an additional 1,950 shares during the period. Finally, Ergoteles LLC bought a new position in shares of NVIDIA during the 1st quarter worth about $929,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John Dabiri sold 128 shares of the company’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 owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 over the last quarter. 3.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Citigroup boosted their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a research report on Tuesday, February 20th. KeyCorp lifted their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Needham & Company LLC lifted their target price on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Stock Down 10.0 %

Shares of NASDAQ:NVDA opened at $762.00 on Friday. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company has a market capitalization of $1.91 trillion, a PE ratio of 63.82, a PEG ratio of 1.22 and a beta of 1.73. The company has a 50 day moving average price of $844.71 and a two-hundred day moving average price of $623.54.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating 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 firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 265.3% on a year-over-year basis. Analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

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