Belpointe Asset Management LLC lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 34.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,046 shares of the computer hardware maker’s stock after selling 5,875 shares during the quarter. Belpointe Asset Management LLC’s holdings in NVIDIA were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after purchasing an additional 1,693,736 shares during the last quarter. Vanguard Group Inc boosted its stake in NVIDIA by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after purchasing an additional 1,693,736 shares during the period. BlackRock Inc. boosted its stake in NVIDIA by 1.0% in the 4th quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock worth $5,247,509,000 after purchasing an additional 378,149 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in NVIDIA by 8,687.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock worth $161,000 after purchasing an additional 21,265,009 shares during the period. Finally, Geode Capital Management LLC boosted its stake in NVIDIA by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,129,007 shares of the computer hardware maker’s stock worth $1,083,400,000 after purchasing an additional 266,779 shares during the period. 69.81% of the stock is owned by hedge funds and other institutional investors.
NVDA stock traded down $0.99 during trading on Friday, reaching $186.30. 9,524,704 shares of the company traded hands, compared to its average volume of 12,203,274. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76. The company has a market cap of $113.36 billion, a P/E ratio of 30.69, a PEG ratio of 4.50 and a beta of 1.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.94 and a quick ratio of 6.76.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, February 28th. NVIDIA’s dividend payout ratio is presently 10.54%.
Several research analysts have weighed in on the company. Sanford C. Bernstein downgraded NVIDIA from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $250.00 to $175.00 in a research note on Monday, February 11th. Royal Bank of Canada dropped their price target on NVIDIA from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, December 27th. BidaskClub downgraded NVIDIA from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Oppenheimer restated an “outperform” rating and issued a $250.00 price target on shares of NVIDIA in a research note on Wednesday, January 9th. Finally, Zacks Investment Research downgraded NVIDIA from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $204.46.
In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the sale, the executive vice president now owns 171,783 shares of the company’s stock, valued at $31,779,855. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 14,092 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. In the last three months, insiders sold 20,029 shares of company stock valued at $3,678,385. Corporate insiders own 4.64% of the company’s stock.
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NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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