Bridgewater Associates LP Has $469.66 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Bridgewater Associates LP decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 26.4% in the 4th quarter, Holdings Channel reports. The fund owned 3,497,362 shares of the computer hardware maker’s stock after selling 1,256,909 shares during the quarter. NVIDIA accounts for approximately 2.2% of Bridgewater Associates LP’s holdings, making the stock its 5th largest position. Bridgewater Associates LP’s holdings in NVIDIA were worth $469,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 4th quarter worth about $34,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $46,000. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NVDA. Morgan Stanley lowered their price target on NVIDIA from $162.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.84.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by insiders.

NVIDIA Price Performance

NVDA opened at $129.93 on Wednesday. The stock’s 50 day simple moving average is $110.79 and its 200 day simple moving average is $127.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The firm has a market cap of $3.18 trillion, a price-to-earnings ratio of 51.13, a PEG ratio of 1.76 and a beta of 2.11.

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, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 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.