NVIDIA Co. (NASDAQ:NVDA) is SeaTown Holdings Pte. Ltd.’s 10th Largest Position

SeaTown Holdings Pte. Ltd. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the computer hardware maker’s stock after selling 20,371 shares during the period. NVIDIA makes up 2.2% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 10th biggest holding. SeaTown Holdings Pte. Ltd.’s holdings in NVIDIA were worth $24,761,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new position in shares of NVIDIA during the 4th quarter valued at $28,000. Criterion Capital Advisors LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at $28,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA in the third quarter worth $30,000. Trivant Custom Portfolio Group LLC grew its position in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Finally, O Brien Wealth Partners LLC grew its position in NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the 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 sale, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Dabiri sold 128 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. 4.23% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVDA stock opened at $947.80 on Tuesday. The company has a market cap of $2.33 trillion, a P/E ratio of 79.38, a PEG ratio of 1.31 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 1 year low of $298.06 and a 1 year high of $974.00. The firm has a 50-day moving average of $884.78 and a 200 day moving average of $691.03.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s revenue was up 265.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. On average, sell-side analysts forecast that NVIDIA Co. will post 22.9 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analyst Ratings Changes

Several brokerages recently issued reports on NVDA. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research report on Monday, March 4th. KeyCorp upped their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Loop Capital began coverage on shares of NVIDIA in a research report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 target price for the company. Morgan Stanley upped their target price on shares of NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, HSBC upped their target price on shares of NVIDIA from $1,050.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. 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, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $1,002.18.

Check Out Our Latest Stock Report on NVIDIA

NVIDIA Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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