Bailard Inc. Has $26.66 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Bailard Inc. reduced its position in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,635 shares of the computer hardware maker’s stock after selling 4,554 shares during the quarter. NVIDIA comprises about 0.8% of Bailard Inc.’s portfolio, making the stock its 24th biggest position. Bailard Inc.’s holdings in NVIDIA were worth $26,657,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Magnus Financial Group LLC raised its stake in shares of NVIDIA by 1.8% in the fourth quarter. Magnus Financial Group LLC now owns 3,421 shares of the computer hardware maker’s stock worth $1,006,000 after purchasing an additional 60 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of NVIDIA by 5.8% in the fourth quarter. International Assets Investment Management LLC now owns 28,565 shares of the computer hardware maker’s stock worth $7,815,000 after purchasing an additional 1,578 shares during the last quarter. Winfield Associates Inc. raised its stake in shares of NVIDIA by 12.7% in the fourth quarter. Winfield Associates Inc. now owns 14,876 shares of the computer hardware maker’s stock worth $4,375,000 after purchasing an additional 1,673 shares during the last quarter. Ropes Wealth Advisors LLC grew its holdings in shares of NVIDIA by 26.6% in the fourth quarter. Ropes Wealth Advisors LLC now owns 5,278 shares of the computer hardware maker’s stock valued at $1,552,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of NVIDIA by 1.1% in the fourth quarter. Rhumbline Advisers now owns 4,097,084 shares of the computer hardware maker’s stock valued at $1,204,993,000 after acquiring an additional 44,379 shares in the last quarter. 55.19% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ NVDA traded up $15.31 during trading hours on Friday, reaching $177.06. 66,953,757 shares of the stock traded hands, compared to its average volume of 56,273,920. The stock has a 50 day simple moving average of $224.97 and a two-hundred day simple moving average of $257.53. NVIDIA Co. has a 1 year low of $135.43 and a 1 year high of $346.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05. The company has a market cap of $515.73 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 2.10 and a beta of 1.59.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings data on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.13. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The firm had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Co. will post 4.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. NVIDIA’s dividend payout ratio (DPR) is currently 4.16%.

Several research firms have recently issued reports on NVDA. Mizuho upped their target price on NVIDIA from $335.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, February 17th. Zacks Investment Research lowered NVIDIA from a “buy” rating to a “hold” rating and set a $229.00 price objective for the company. in a report on Tuesday, April 19th. KeyCorp reduced their price objective on NVIDIA from $350.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, April 12th. Robert W. Baird lowered NVIDIA from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $360.00 to $225.00 in a report on Monday, April 11th. Finally, Morgan Stanley began coverage on NVIDIA in a report on Tuesday, May 3rd. They set an “equal weight” rating and a $217.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $324.82.

In related news, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $274.06, for a total value of $27,406,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 292,340 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total value of $69,319,660.80. The disclosure for this sale can be found here. Insiders have sold 409,056 shares of company stock worth $101,135,342 over the last ninety days. Insiders own 4.47% of the company’s stock.

NVIDIA Company Profile (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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