Harel Insurance Investments & Financial Services Ltd. cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 85.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 235 shares of the computer hardware maker’s stock after selling 1,365 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in NVIDIA were worth $42,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NVDA. Oregon Public Employees Retirement Fund lifted its stake in NVIDIA by 8,687.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock valued at $161,000 after buying an additional 21,265,009 shares in the last quarter. Norges Bank purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $737,230,000. Parnassus Investments CA purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $394,670,000. Vanguard Group Inc lifted its position in shares of NVIDIA by 4.0% in the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after purchasing an additional 1,693,736 shares in the last quarter. Finally, Swedbank lifted its position in shares of NVIDIA by 50.4% in the fourth quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock worth $340,487,000 after purchasing an additional 854,050 shares in the last quarter. 69.81% of the stock is owned by institutional investors.

In other NVIDIA news, CFO Colette Kress sold 14,092 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $183.33, for a total transaction of $2,583,486.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 5,823 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the transaction, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,029 shares of company stock worth $3,678,385. Corporate insiders own 4.64% of the company’s stock.

NASDAQ:NVDA opened at $186.30 on Friday. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76. The company has a market capitalization of $113.36 billion, a P/E ratio of 30.69, a PEG ratio of 4.50 and a beta of 1.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.76 and a current ratio of 7.94.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. The firm’s revenue was down 24.3% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Co. will post 4.46 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.34%. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

A number of analysts have recently issued reports on NVDA shares. Zacks Investment Research raised shares of NVIDIA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 1st. TheStreet raised shares of NVIDIA from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. BidaskClub raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Cowen reissued an “outperform” rating and issued a $195.00 price target (down from $215.00) on shares of NVIDIA in a research report on Friday, February 15th. Finally, Mizuho reissued a “buy” rating and issued a $195.00 price target on shares of NVIDIA in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $204.46.

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NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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