Nan Fung Trinity HK Ltd. Sells 56,400 Shares of NVIDIA Co. (NASDAQ:NVDA)

Nan Fung Trinity HK Ltd. lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 51.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,000 shares of the computer hardware maker’s stock after selling 56,400 shares during the period. NVIDIA makes up 5.4% of Nan Fung Trinity HK Ltd.’s investment portfolio, making the stock its 6th biggest holding. Nan Fung Trinity HK Ltd.’s holdings in NVIDIA were worth $26,247,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NVDA. LFA Lugano Financial Advisors SA acquired a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Criterion Capital Advisors LLC bought a new stake in NVIDIA in the fourth quarter valued at about $28,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA in the third quarter worth about $30,000. Trivant Custom Portfolio Group LLC lifted its stake in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC boosted its holdings 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 in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVDA. Raymond James increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 11th. Sanford C. Bernstein increased their price target on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a research report on Tuesday, February 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Finally, KeyCorp raised their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $966.55.

Check Out Our Latest Report on NVIDIA

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $946.30 on Thursday. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 79.25, a PEG ratio of 1.29 and a beta of 1.75. NVIDIA Co. has a one year low of $288.32 and a one year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a 50 day simple moving average of $880.47 and a 200 day simple moving average of $676.35.

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

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 128 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 over the last quarter. Company insiders own 3.99% of the company’s stock.

NVIDIA Company 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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