Granite Point Capital Management L.P. lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 16,700 shares of the computer hardware maker’s stock after selling 300 shares during the quarter. NVIDIA comprises 0.3% of Granite Point Capital Management L.P.’s holdings, making the stock its 15th biggest position. Granite Point Capital Management L.P.’s holdings in NVIDIA were worth $3,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cetera Advisor Networks LLC grew its holdings in NVIDIA by 73.2% during the fourth quarter. Cetera Advisor Networks LLC now owns 17,086 shares of the computer hardware maker’s stock valued at $3,303,000 after purchasing an additional 7,222 shares during the last quarter. Barings LLC grew its holdings in NVIDIA by 5.1% during the fourth quarter. Barings LLC now owns 20,441 shares of the computer hardware maker’s stock valued at $3,955,000 after purchasing an additional 990 shares during the last quarter. New Mexico Educational Retirement Board grew its holdings in NVIDIA by 5.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 57,682 shares of the computer hardware maker’s stock valued at $11,161,000 after purchasing an additional 3,100 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in NVIDIA by 71.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock valued at $199,046,000 after purchasing an additional 428,046 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of NVIDIA by 150.3% in the fourth quarter. Penserra Capital Management LLC now owns 44,219 shares of the computer hardware maker’s stock worth $8,555,000 after acquiring an additional 26,555 shares during the last quarter. Institutional investors own 62.70% of the company’s stock.

NVIDIA Co. (NASDAQ:NVDA) opened at $228.03 on Tuesday. The company has a quick ratio of 7.34, a current ratio of 8.03 and a debt-to-equity ratio of 0.27. NVIDIA Co. has a twelve month low of $95.17 and a twelve month high of $249.27. The stock has a market capitalization of $138,190.00, a PE ratio of 47.21, a P/E/G ratio of 4.83 and a beta of 1.43.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. NVIDIA had a return on equity of 45.02% and a net margin of 31.36%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the business posted $1.13 earnings per share. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. research analysts predict that NVIDIA Co. will post 4.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. NVIDIA’s dividend payout ratio is 12.42%.

In related news, Director Persis Drell sold 606 shares of NVIDIA stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the transaction, the director now directly owns 26,104 shares of the company’s stock, valued at $5,144,315.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn E. Hudson sold 3,052 shares of NVIDIA stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total value of $654,318.28. Following the completion of the transaction, the director now directly owns 28,816 shares of the company’s stock, valued at $6,177,862.24. The disclosure for this sale can be found here. Insiders sold 4,858 shares of company stock valued at $1,025,784 over the last ninety days. 5.17% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on NVDA. Goldman Sachs Group downgraded shares of NVIDIA from a “conviction-buy” rating to a “buy” rating and set a $281.00 price objective on the stock. in a research note on Thursday, February 1st. Vetr downgraded shares of NVIDIA from a “hold” rating to a “sell” rating and set a $234.76 price target on the stock. in a research note on Monday, January 29th. Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $262.00 price target on the stock in a research note on Wednesday, January 24th. Nomura lifted their price target on shares of NVIDIA to $225.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, SunTrust Banks reiterated a “buy” rating and set a $305.00 price target (up previously from $253.00) on shares of NVIDIA in a research note on Friday. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and a consensus price target of $210.67.

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About NVIDIA

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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