Raiffeisen Bank International AG Purchases New Holdings in NVIDIA Co. (NASDAQ:NVDA)

Raiffeisen Bank International AG purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,103,574 shares of the computer hardware maker's stock, valued at approximately $426,689,000. NVIDIA accounts for approximately 6.5% of Raiffeisen Bank International AG's investment portfolio, making the stock its biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Hickory Point Bank & Trust acquired a new position in NVIDIA in the 4th quarter valued at $2,272,000. Capital Performance Advisors LLP raised its holdings in shares of NVIDIA by 59.3% during the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares in the last quarter. Waddell & Associates LLC raised its holdings in shares of NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock worth $3,240,000 after buying an additional 297 shares in the last quarter. Strategy Asset Managers LLC raised its holdings in shares of NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after buying an additional 405 shares in the last quarter. Finally, Ethos Financial Group LLC grew its position in NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after acquiring an additional 6,241 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Mizuho boosted their price objective on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday. Citigroup restated a "buy" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Thursday. Barclays restated an "overweight" rating and set a $170.00 price objective (up previously from $155.00) on shares of NVIDIA in a research report on Thursday. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Finally, Piper Sandler restated an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value 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 trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Up 1.7%

NVDA stock traded up $2.25 during trading on Monday, reaching $137.38. 195,048,031 shares of the stock were exchanged, compared to its average volume of 284,142,630. The firm's 50 day moving average is $115.95 and its 200 day moving average is $126.21. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.36 trillion, a P/E ratio of 54.07, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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.