Charles Schwab Investment Management Inc. Boosts Position in NVIDIA Co. (NASDAQ:NVDA)

Charles Schwab Investment Management Inc. lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,280,130 shares of the computer hardware maker’s stock after acquiring an additional 5,211,040 shares during the quarter. NVIDIA accounts for 3.7% of Charles Schwab Investment Management Inc.’s portfolio, making the stock its 3rd largest position. Charles Schwab Investment Management Inc.’s holdings in NVIDIA were worth $20,315,409,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Clear Street Derivatives LLC bought a new position in NVIDIA in the 3rd quarter valued at $4,589,905,000. Proficio Capital Partners LLC boosted its stake in shares of NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock valued at $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. Geode Capital Management LLC grew its holdings in shares of NVIDIA by 2.2% in the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock worth $66,101,133,000 after purchasing an additional 11,525,969 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker’s stock worth $21,908,236,000 after buying an additional 6,526,200 shares during the period. Finally, National Pension Service lifted its holdings in NVIDIA by 14.9% during the 3rd quarter. National Pension Service now owns 47,220,708 shares of the computer hardware maker’s stock valued at $5,734,483,000 after buying an additional 6,118,674 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the company’s 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This trade represents a 27.32 % 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 valued at $17,133,207. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 1.4 %

Shares of NVDA stock opened at $96.30 on Wednesday. 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 fifty-two week low of $75.61 and a fifty-two week high of $195.95. The firm has a market capitalization of $2.35 trillion, a PE ratio of 37.90, a P/E/G ratio of 1.76 and a beta of 1.96. The stock’s 50-day simple moving average is $119.61 and its 200-day simple moving average is $130.67.

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 analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on NVDA. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Susquehanna restated a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Benchmark restated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, William Blair restated an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned 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 price target of $169.89.

About NVIDIA

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.