NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,139,994 shares of the computer hardware maker's stock after acquiring an additional 79,135 shares during the period. NVIDIA comprises about 5.9% of Banco Bilbao Vizcaya Argentaria S.A.'s holdings, making the stock its biggest holding. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in NVIDIA were worth $558,146,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of NVDA. Burling Wealth Partners LLC acquired a new stake in NVIDIA during the fourth quarter worth about $11,656,000. Analog Century Management LP lifted its stake in NVIDIA by 1.4% in the fourth quarter. Analog Century Management LP now owns 783,001 shares of the computer hardware maker's stock worth $105,149,000 after acquiring an additional 11,130 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in NVIDIA by 13.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 29,188 shares of the computer hardware maker's stock worth $3,997,000 after acquiring an additional 3,461 shares during the last quarter. CSM Advisors LLC raised its holdings in NVIDIA by 2.8% during the fourth quarter. CSM Advisors LLC now owns 82,620 shares of the computer hardware maker's stock worth $11,094,000 after purchasing an additional 2,215 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in NVIDIA by 1.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 57,807 shares of the computer hardware maker's stock worth $7,763,000 after purchasing an additional 712 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. Truist Financial increased their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. UBS Group cut their price objective on shares of NVIDIA from $180.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, Citigroup reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.84.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value 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. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVDA stock opened at $135.40 on Monday. The stock has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.29, a PEG 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 1 year low of $86.62 and a 1 year high of $195.95. The stock's fifty day moving average is $112.33 and its two-hundred day moving average is $126.93.

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

NVIDIA Dividend Announcement

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

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.