Lansforsakringar Fondforvaltning AB publ Buys Shares of 9,597,127 NVIDIA Co. (NASDAQ:NVDA)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,597,127 shares of the computer hardware maker's stock, valued at approximately $1,288,798,000. NVIDIA comprises approximately 15.2% of Lansforsakringar Fondforvaltning AB publ's investment portfolio, making the stock its largest holding.

A number of other institutional investors also recently modified their holdings of NVDA. Silver Oak Wealth Advisors Services LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at $591,000. PKO Investment Management Joint Stock Co acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $21,218,000. Northstar Financial Companies Inc. bought a new stake in shares of NVIDIA during the fourth quarter worth about $565,000. Centaurus Financial Inc. increased its stake in shares of NVIDIA by 20.1% in the fourth quarter. Centaurus Financial Inc. now owns 328,362 shares of the computer hardware maker's stock valued at $44,096,000 after buying an additional 54,948 shares during the period. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $5,764,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the sale, the director now owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,255,320 shares of company stock valued at $172,680,419 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Bank of America raised their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Raymond James increased their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Citigroup reaffirmed a "buy" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Finally, Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Up 0.6%

NASDAQ NVDA traded up $0.91 during trading hours on Monday, hitting $142.63. The company's stock had a trading volume of 184,474,522 shares, compared to its average volume of 278,229,971. The company has a market capitalization of $3.48 trillion, a PE ratio of 56.13, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company's 50-day simple moving average is $118.45 and its two-hundred day simple moving average is $126.10.

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

NVIDIA Dividend Announcement

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