Nicholas Investment Partners LP decreased its position in NVIDIA Co. (NASDAQ: NVDA) by 1.9% in the fourth quarter, according to Canal Holdings. The fund now owns 23,983 shares of the computer hardware maker, making it the 14th largest holding in their portfolio with a value of $11,877,000. Several other hedge funds and institutional investors have also bought and sold shares of NVIDIA, including Vanguard Group Inc., Northern Trust Corp, International Assets Investment Management LLC, Charles Schwab Investment Management Inc., and Wellington Management Group LLP.
NVIDIA stock opened at $947.80, with a 50-day simple moving average of $884.78 and a 200-day simple moving average of $691.03. The company has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 79.38, and a beta of 1.75. NVIDIA Co. has a 1-year low of $298.06 and a 1-year high of $974.00, with a debt-equity ratio of 0.20, a quick ratio of 3.67, and a current ratio of 4.17.
In its most recent quarterly earnings report, NVIDIA surpassed analysts’ expectations with earnings per share (EPS) of $5.16 and revenue of $22.1 billion for the quarter. The company’s net margin was 48.85% with a return on equity of 93.61%. Equity research analysts predict NVIDIA Co. will post 22.9 earnings per share for the current year.
NVIDIA also announced a quarterly dividend, with a dividend payout ratio of 1.34%, representing an annualized dividend of $0.16 and a dividend yield of 0.02%. Analyst ratings for NVDA have been positive, with several firms reiterating “buy” ratings and raising price targets.
In related news, Director Mark Stevens sold shares of NVIDIA stock, with insider activity totaling 61,278 shares sold during the last quarter. Corporate insiders currently own 4.23% of the company’s shares.
NVIDIA Corporation offers graphics, computing, and networking solutions globally, including GeForce GPUs for gaming, Quadro/NVIDIA RTX GPU for enterprise workstation graphics, virtual GPU software for cloud-based computing, automotive platforms, and Omniverse software for 3D Internet and metaverse applications.
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