Assenagon Asset Management S.A. Has $3.86 Billion Stake in NVIDIA Corporation (NASDAQ:NVDA)

Assenagon Asset Management S.A. lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 204.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,652,571 shares of the computer hardware maker's stock after purchasing an additional 23,948,733 shares during the period. NVIDIA accounts for approximately 6.4% of Assenagon Asset Management S.A.'s holdings, making the stock its largest holding. Assenagon Asset Management S.A. owned about 0.15% of NVIDIA worth $3,864,026,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Tacita Capital Inc bought a new stake in shares of NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the fourth quarter valued at about $40,000. Copia Wealth Management acquired a new stake in shares of NVIDIA during the fourth quarter worth about $50,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NVDA shares. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Mizuho lifted their price target on NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. Finally, Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $175.78.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the sale, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert K. Burgess sold 50,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $134.82, for a total transaction of $6,741,000.00. Following the transaction, the director now owns 201,044 shares of the company's stock, valued at $27,104,752.08. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NVIDIA stock traded up $2.73 during mid-day trading on Friday, hitting $157.75. 258,593,751 shares of the company's stock traded hands, compared to its average volume of 269,195,806. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a 50 day simple moving average of $130.96 and a two-hundred day simple moving average of $126.97. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $158.71. The stock has a market cap of $3.85 trillion, a price-to-earnings ratio of 50.89, a P/E/G ratio of 1.40 and a beta of 2.12.

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

NVIDIA Announces Dividend

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