Achmea Investment Management B.V. Has $373.90 Million Stock Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Achmea Investment Management B.V. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,449,881 shares of the computer hardware maker's stock after purchasing an additional 474,830 shares during the period. NVIDIA makes up about 5.4% of Achmea Investment Management B.V.'s holdings, making the stock its 2nd largest position. Achmea Investment Management B.V.'s holdings in NVIDIA were worth $373,898,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Centerpoint Advisory Group raised its stake in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC raised its stake in NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC grew its position in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Financial Perspectives Inc grew its position in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after acquiring an additional 1,265 shares during the last quarter. Finally, Hickory Point Bank & Trust bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $2,272,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Truist Financial boosted their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $181.22.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the sale, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,114,800 shares of company stock worth $760,553,003 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

NASDAQ NVDA traded up $3.75 during midday trading on Wednesday, hitting $170.78. The company had a trading volume of 152,871,674 shares, compared to its average volume of 263,063,842. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.17 trillion, a price-to-earnings ratio of 55.09, a P/E/G ratio of 1.47 and a beta of 2.13. The firm has a fifty day simple moving average of $149.41 and a two-hundred day simple moving average of $130.53. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $174.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was 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.