NVIDIA Co. (NASDAQ:NVDA) is Harvard Management Co. Inc.’s 5th Largest Position

Harvard Management Co. Inc. reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 788,631 shares of the computer hardware maker’s stock after selling 159,200 shares during the quarter. NVIDIA makes up approximately 6.3% of Harvard Management Co. Inc.’s investment portfolio, making the stock its 5th largest position. Harvard Management Co. Inc.’s holdings in NVIDIA were worth $105,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the fourth quarter worth about $34,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter valued at about $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 0.9%

Shares of NVDA stock opened at $134.38 on Wednesday. The stock’s fifty day moving average is $113.11 and its two-hundred day moving average is $126.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $3.29 trillion, a P/E ratio of 52.88, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company 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%. Research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.36%.

Analysts Set New Price Targets

Several analysts have commented on NVDA shares. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. UBS Group decreased their price target on shares of NVIDIA from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Raymond James reissued a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Truist Financial increased their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.84.

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.