NVIDIA Co. (NASDAQ:NVDA) is Factory Mutual Insurance Co.’s 5th Largest Position

Factory Mutual Insurance Co. trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,972,148 shares of the computer hardware maker’s stock after selling 133,900 shares during the period. NVIDIA makes up 4.3% of Factory Mutual Insurance Co.’s investment portfolio, making the stock its 5th largest holding. Factory Mutual Insurance Co.’s holdings in NVIDIA were worth $399,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ironwood Wealth Management LLC. increased its position in NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after buying an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $31,000. Beck Bode LLC grew its position in shares of NVIDIA by 698.5% during the second quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock worth $22,591,000 after acquiring an additional 159,966 shares during the last quarter. DSM Capital Partners LLC increased its holdings in shares of NVIDIA by 592.7% in the 2nd quarter. DSM Capital Partners LLC now owns 6,864,047 shares of the computer hardware maker’s stock valued at $847,984,000 after acquiring an additional 5,873,143 shares during the period. Finally, DSC Advisors L.P. raised its position in NVIDIA by 701.2% in the 2nd quarter. DSC Advisors L.P. now owns 2,580 shares of the computer hardware maker’s stock valued at $319,000 after purchasing an additional 2,258 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred 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 directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. Needham & Company LLC raised their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Benchmark restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Tuesday, January 7th. Melius Research increased their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Finally, TD Cowen increased their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.21.

NVIDIA Stock Up 3.7 %

Shares of NASDAQ NVDA opened at $131.28 on Thursday. The firm has a market cap of $3.22 trillion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The firm’s 50 day moving average price is $134.60 and its 200 day moving average price is $131.89.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

NVIDIA 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.