Marshall Wace North America L.P. Has $1.47 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Marshall Wace North America L.P. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 95.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,265 shares of the computer hardware maker’s stock after selling 129,585 shares during the period. Marshall Wace North America L.P.’s holdings in NVIDIA were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC increased its stake in NVIDIA by 2.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,968 shares of the computer hardware maker’s stock valued at $463,000 after acquiring an additional 42 shares during the last quarter. Wealthcare Capital Management LLC increased its stake in NVIDIA by 44.2% in the fourth quarter. Wealthcare Capital Management LLC now owns 137 shares of the computer hardware maker’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Certified Advisory Corp increased its stake in NVIDIA by 11.4% in the fourth quarter. Certified Advisory Corp now owns 409 shares of the computer hardware maker’s stock valued at $96,000 after acquiring an additional 42 shares during the last quarter. RB Capital Management LLC increased its stake in NVIDIA by 1.6% in the fourth quarter. RB Capital Management LLC now owns 2,661 shares of the computer hardware maker’s stock valued at $628,000 after acquiring an additional 42 shares during the last quarter. Finally, National Asset Management Inc. increased its stake in NVIDIA by 0.3% in the fourth quarter. National Asset Management Inc. now owns 16,828 shares of the computer hardware maker’s stock valued at $3,962,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 66.70% of the company’s stock.

A number of research analysts recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of NVIDIA from $240.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Royal Bank of Canada boosted their target price on shares of NVIDIA from $251.00 to $301.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Piper Sandler boosted their target price on shares of NVIDIA from to and gave the stock a “buy” rating in a research note on Friday, February 14th. Citigroup boosted their target price on shares of NVIDIA from $245.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $274.71.

Shares of NVIDIA stock opened at $245.62 on Thursday. The stock has a market cap of $152.50 billion, a price-to-earnings ratio of 54.34, a P/E/G ratio of 2.66 and a beta of 1.70. The company has a quick ratio of 7.13, a current ratio of 7.67 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a twelve month low of $132.60 and a twelve month high of $316.32. The company’s fifty day moving average is $258.14 and its 200 day moving average is $223.20.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, February 13th. The computer hardware maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.22. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. NVIDIA had a net margin of 25.60% and a return on equity of 26.08%. During the same quarter in the previous year, the business earned $0.80 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 6.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 28th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.64 annualized dividend and a yield of 0.26%. NVIDIA’s payout ratio is 13.94%.

In related news, CFO Colette Kress sold 2,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $235.43, for a total value of $470,860.00. Following the transaction, the chief financial officer now owns 169,989 shares in the company, valued at $40,020,510.27. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Persis Drell sold 160 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $315.73, for a total transaction of $50,516.80. Following the completion of the transaction, the director now owns 17,859 shares in the company, valued at approximately $5,638,622.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,160 shares of company stock worth $12,214,957. 4.64% of the stock is owned by company insiders.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Read More: Understanding Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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