Banque Transatlantique SA Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Banque Transatlantique SA purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,188,734 shares of the computer hardware maker's stock, valued at approximately $423,542,000. NVIDIA accounts for about 10.0% of Banque Transatlantique SA's investment portfolio, making the stock its 2nd largest holding.

Several other hedge funds also recently bought and sold shares of NVDA. Principal Financial Group Inc. boosted its stake in shares of 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 purchasing an additional 1,285,897 shares in the last quarter. Inspire Trust Co. N.A. increased its stake in shares of NVIDIA by 6.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 34,893 shares of the computer hardware maker's stock worth $4,237,000 after acquiring an additional 2,033 shares in the last quarter. Capasso Planning Partners LLC increased its stake in shares of NVIDIA by 2.0% in the 3rd quarter. Capasso Planning Partners LLC now owns 6,277 shares of the computer hardware maker's stock worth $762,000 after acquiring an additional 122 shares in the last quarter. Oriental Harbor Investment Fund bought a new position in shares of NVIDIA in the 3rd quarter worth about $252,876,000. Finally, Oddo BHF Asset Management Sas bought a new position in shares of NVIDIA in the 3rd quarter worth about $75,723,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, 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 sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on 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 transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last quarter. Insiders own 4.23% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $1.54 on Friday, hitting $131.29. 198,282,939 shares of the company traded hands, compared to its average volume of 289,485,184. The stock has a market capitalization of $3.21 trillion, a P/E ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. 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 52 week low of $86.62 and a 52 week high of $195.95. The business has a 50-day simple moving average of $113.89 and a 200 day simple moving average of $126.94.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Analyst Ratings Changes

Several brokerages recently commented on NVDA. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Truist Financial increased their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $165.86.

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.