Key Client Fiduciary Advisors LLC Trims Holdings in NVIDIA Co. (NASDAQ:NVDA)

Key Client Fiduciary Advisors LLC decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,263 shares of the computer hardware maker’s stock after selling 44 shares during the quarter. NVIDIA comprises 0.9% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its 23rd largest position. Key Client Fiduciary Advisors LLC’s holdings in NVIDIA were worth $1,616,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in NVIDIA by 1.1% during the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after acquiring an additional 2,287,471 shares during the last quarter. Geode Capital Management LLC increased its stake in NVIDIA by 3.0% during the second quarter. Geode Capital Management LLC now owns 47,459,414 shares of the computer hardware maker’s stock worth $20,022,108,000 after acquiring an additional 1,403,401 shares during the last quarter. Morgan Stanley grew its stake in shares of NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after buying an additional 4,621,002 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA in the fourth quarter valued at $3,900,874,000. Finally, Northern Trust Corp grew its stake in shares of NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after buying an additional 910,009 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $878.37 on Friday. NVIDIA Co. has a 1 year low of $238.94 and a 1 year 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 stock’s 50 day moving average price is $706.74 and its 200 day moving average price is $547.32. The firm has a market cap of $2.20 trillion, a P/E ratio of 73.56, a PEG ratio of 1.40 and a beta of 1.73.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the company earned $0.65 EPS. NVIDIA’s revenue was up 265.3% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA Co. will post 21.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date is Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NVDA. BMO Capital Markets lifted their price objective on NVIDIA from $600.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Wedbush lifted their price objective on NVIDIA from $800.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price objective on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Tigress Financial lifted their price objective on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Morgan Stanley boosted their target price on NVIDIA from $750.00 to $795.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $829.66.

View Our Latest Report on NVIDIA

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The transaction was disclosed in a filing with the SEC, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the transaction, the director now directly owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,774 shares of company stock valued at $74,323,328. 3.99% of the stock is owned by corporate insiders.

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

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.