3,103,574 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,103,574 shares of the computer hardware maker's stock, valued at approximately $426,689,000. NVIDIA comprises approximately 6.5% of Raiffeisen Bank International AG's holdings, making the stock its largest holding.

Several other hedge funds have also made changes to their positions in NVDA. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $2,272,000. Capital Performance Advisors LLP raised its holdings in NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares during the last quarter. Waddell & Associates LLC raised its holdings in NVIDIA by 1.2% during the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after purchasing an additional 297 shares during the last quarter. Strategy Asset Managers LLC boosted its position in NVIDIA by 0.8% during the fourth quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after purchasing an additional 405 shares in the last quarter. Finally, Ethos Financial Group LLC grew its holdings in NVIDIA by 24.1% in the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 6,241 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NVDA shares. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Citigroup reaffirmed a "buy" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a report on Thursday. Benchmark reissued a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday. Finally, Truist Financial upped their target price on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Buying and Selling at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

NVDA stock traded down $4.91 during trading on Friday, reaching $134.28. 332,224,842 shares of the company were exchanged, compared to its average volume of 285,804,787. The company has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50-day moving average of $115.20 and a two-hundred day moving average of $126.61. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. The business's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is 1.29%.

NVIDIA 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.