NVIDIA Co. (NVDA) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 392,672 shares of the computer hardware maker’s stock after selling 70,028 shares during the period. Schroder Investment Management Group’s holdings in NVIDIA were worth $75,982,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NVDA. Legal & General Group Plc increased its position in shares of NVIDIA by 2.8% during the third quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock worth $512,549,000 after purchasing an additional 78,943 shares in the last quarter. Swiss National Bank increased its position in shares of NVIDIA by 0.9% during the fourth quarter. Swiss National Bank now owns 2,213,385 shares of the computer hardware maker’s stock worth $428,290,000 after purchasing an additional 19,900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of NVIDIA by 4.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,027,499 shares of the computer hardware maker’s stock worth $392,322,000 after purchasing an additional 95,004 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of NVIDIA by 12.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,970,888 shares of the computer hardware maker’s stock worth $352,336,000 after purchasing an additional 211,411 shares in the last quarter. Finally, Swedbank increased its position in shares of NVIDIA by 21.0% during the third quarter. Swedbank now owns 1,690,684 shares of the computer hardware maker’s stock worth $302,244,000 after purchasing an additional 293,832 shares in the last quarter. 61.46% of the stock is owned by institutional investors and hedge funds.

In related news, Director Dawn E. Hudson sold 3,052 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total transaction of $654,318.28. Following the transaction, the director now owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark L. Perry sold 17,307 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $227.93, for a total value of $3,944,784.51. Following the transaction, the director now directly owns 30,762 shares in the company, valued at approximately $7,011,582.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,136 shares of company stock valued at $4,750,260. Company insiders own 5.17% of the company’s stock.

NVIDIA Co. (NASDAQ NVDA) opened at $243.84 on Monday. The firm has a market capitalization of $147,767.03, a price-to-earnings ratio of 52.55, a PEG ratio of 3.82 and a beta of 1.43. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27. NVIDIA Co. has a twelve month low of $95.17 and a twelve month high of $250.00.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The company’s revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 EPS. research analysts predict that NVIDIA Co. will post 6.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio is presently 12.45%.

Several analysts recently commented on the company. BidaskClub upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Friday. Goldman Sachs Group cut NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price target for the company. in a research report on Thursday, February 1st. Vetr upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $257.77 price target for the company in a research report on Monday. Zacks Investment Research upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price target for the company in a research report on Wednesday, January 24th. Finally, Nomura boosted their price target on NVIDIA to $225.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $210.97.

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NVIDIA Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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