Bailard Inc. Lowers Holdings in NVIDIA Co. (NASDAQ:NVDA)

Bailard Inc. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,982 shares of the computer hardware maker’s stock after selling 826 shares during the period. NVIDIA comprises about 1.2% of Bailard Inc.’s investment portfolio, making the stock its 18th biggest position. Bailard Inc.’s holdings in NVIDIA were worth $39,609,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NVDA. Moody Lynn & Lieberson LLC lifted its position in shares of NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after buying an additional 5,998 shares in the last quarter. TrueMark Investments LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth about $2,639,000. McLean Asset Management Corp lifted its position in shares of NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after buying an additional 186 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in shares of NVIDIA by 5.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock worth $1,931,000 after buying an additional 209 shares in the last quarter. Finally, Shilanski & Associates Inc. raised its position in NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after purchasing an additional 410 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 3.5 %

NASDAQ:NVDA opened at $887.89 on Friday. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00. The firm has a 50 day moving average of $865.39 and a 200 day moving average of $646.31. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 74.36, a PEG ratio of 1.19 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $20.40 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the 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 sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA 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 transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $120,320.00. Following the transaction, 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. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last 90 days. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Jefferies Financial Group lifted their target price on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Benchmark reiterated a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. Loop Capital started coverage on shares of NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 target price for the company. Wells Fargo & Company upped their price target on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Finally, Citigroup raised their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

NVIDIA Profile

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.