Stoneridge Investment Partners LLC Has $17.09 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Stoneridge Investment Partners LLC cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,231 shares of the computer hardware maker’s stock after selling 1,300 shares during the period. NVIDIA comprises about 6.1% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 3rd largest position. Stoneridge Investment Partners LLC’s holdings in NVIDIA were worth $17,086,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Entropy Technologies LP lifted its holdings in shares of NVIDIA by 202.1% during the fourth quarter. Entropy Technologies LP now owns 92,455 shares of the computer hardware maker’s stock valued at $12,416,000 after acquiring an additional 61,855 shares during the period. Empowered Funds LLC grew its holdings in shares of NVIDIA by 10.5% in the 4th quarter. Empowered Funds LLC now owns 847,197 shares of the computer hardware maker’s stock worth $113,770,000 after purchasing an additional 80,184 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in shares of NVIDIA by 4.2% during the 4th quarter. Moloney Securities Asset Management LLC now owns 141,906 shares of the computer hardware maker’s stock worth $19,057,000 after purchasing an additional 5,764 shares in the last quarter. Hobart Private Capital LLC lifted its holdings in NVIDIA by 33.1% during the 4th quarter. Hobart Private Capital LLC now owns 11,511 shares of the computer hardware maker’s stock valued at $1,546,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Seelaus Asset Management LLC boosted its position in NVIDIA by 4.1% in the fourth quarter. Seelaus Asset Management LLC now owns 10,397 shares of the computer hardware maker’s stock valued at $1,396,000 after buying an additional 412 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock valued at $146,405,286 over the last three months. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Robert W. Baird boosted their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. DA Davidson reissued a “neutral” rating and set a $135.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Piper Sandler boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Truist Financial increased their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.69.

NVIDIA Stock Performance

Shares of NVDA opened at $106.98 on Tuesday. The firm has a market cap of $2.61 trillion, a price-to-earnings ratio of 42.10, a PEG ratio of 1.76 and a beta of 1.77. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $131.05 and its two-hundred day moving average is $131.57. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

NVIDIA Company Profile

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.