Ayalon Insurance Comp Ltd. Has $6.80 Million Stock Position in NVIDIA Corporation (NASDAQ:NVDA)

Ayalon Insurance Comp Ltd. lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 20.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,725 shares of the computer hardware maker's stock after purchasing an additional 10,569 shares during the period. NVIDIA accounts for 2.2% of Ayalon Insurance Comp Ltd.'s portfolio, making the stock its 16th largest holding. Ayalon Insurance Comp Ltd.'s holdings in NVIDIA were worth $6,799,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NVDA. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth about $43,515,504,000. GAMMA Investing LLC increased its stake in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. Northern Trust Corp increased its stake in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC grew its stake in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after buying an additional 34,441,082 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday, June 16th. Citigroup upped their price target on shares of NVIDIA from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Monday. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Mizuho upped their price target on shares of NVIDIA from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have assigned 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 an average price target of $176.47.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $2.88 on Wednesday, reaching $162.88. 182,913,096 shares of the stock were exchanged, compared to its average volume of 267,031,868. The firm's 50 day moving average is $139.47 and its 200-day moving average is $128.43. NVIDIA Corporation has a one year low of $86.62 and a one year high of $164.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market cap of $3.97 trillion, a PE ratio of 52.54, a P/E/G ratio of 1.42 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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 the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,296,844 shares of company stock worth $624,019,677 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

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.