Picton Mahoney Asset Management Has $40.21 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Picton Mahoney Asset Management lowered its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 56.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,189 shares of the computer hardware maker’s stock after selling 105,377 shares during the period. NVIDIA makes up about 1.1% of Picton Mahoney Asset Management’s investment portfolio, making the stock its 5th largest holding. Picton Mahoney Asset Management’s holdings in NVIDIA were worth $40,207,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA during the 4th quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $28,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the third quarter worth $30,000. O Brien Wealth Partners LLC boosted its position in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its stake 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 valued at $43,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 1.1 %

NASDAQ NVDA opened at $913.56 on Wednesday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12 month low of $281.52 and a 12 month high of $974.00. The company has a market capitalization of $2.28 trillion, a PE ratio of 76.51, a P/E/G ratio of 1.29 and a beta of 1.75. The stock has a 50-day simple moving average of $879.39 and a 200 day simple moving average of $672.77.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. Research analysts forecast that NVIDIA Co. will post 22.6 EPS for the current year.

NVIDIA Dividend Announcement

The company 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 of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NVDA shares. Mizuho raised their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Tigress Financial upped their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Truist Financial raised their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Susquehanna restated a “positive” rating and set a $1,050.00 price target on shares of NVIDIA in a report on Thursday, April 4th. Finally, Loop Capital started coverage on NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective on the stock. 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 data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $966.55.

View Our Latest Report on NVIDIA

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was 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 directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA 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 transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 11,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the sale, the director now directly owns 1,074,833 shares of the company’s stock, valued at approximately $973,422,506.45. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 in the last quarter. Corporate insiders own 3.99% of the company’s stock.

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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