APG Asset Management US Inc. Has $25.90 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

APG Asset Management US Inc. decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,837 shares of the computer hardware maker's stock after selling 63,214 shares during the quarter. APG Asset Management US Inc.'s holdings in NVIDIA were worth $25,896,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. raised its position in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after purchasing an additional 350 shares during the last quarter. Swedbank AB grew its holdings in shares of NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after buying an additional 1,868,358 shares during the last quarter. Principal Financial Group Inc. increased its position in NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares during the period. Canopy Partners LLC lifted its position in NVIDIA by 1.2% during the 3rd quarter. Canopy Partners LLC now owns 49,294 shares of the computer hardware maker's stock worth $5,986,000 after acquiring an additional 567 shares during the period. Finally, CMG Global Holdings LLC lifted its holdings in shares of NVIDIA by 4.5% during the third quarter. CMG Global Holdings LLC now owns 10,731 shares of the computer hardware maker's stock worth $1,303,000 after purchasing an additional 463 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Down 0.6 %

Shares of NVDA stock traded down $0.72 during mid-day trading on Friday, reaching $116.65. 132,620,250 shares of the company were exchanged, compared to its average volume of 296,326,827. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business's 50 day simple moving average is $110.29 and its 200 day simple moving average is $127.28. The company has a market capitalization of $2.85 trillion, a P/E ratio of 45.91, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of analyst reports. DA Davidson cut their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Barclays cut their price target on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Company 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.