NVIDIA Co. (NASDAQ:NVDA) is Deutsche Bank AG's 2nd Largest Position

Deutsche Bank AG cut its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,526,086 shares of the computer hardware maker's stock after selling 400,972 shares during the period. NVIDIA accounts for 4.5% of Deutsche Bank AG's investment portfolio, making the stock its 2nd biggest position. Deutsche Bank AG owned approximately 0.35% of NVIDIA worth $11,485,298,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter valued at $43,515,504,000. Northern Trust Corp grew its holdings in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of NVIDIA by 14,641.2% during the fourth 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 period. Capital International Investors lifted its holdings in shares of NVIDIA by 34.7% in the fourth quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker's stock worth $8,445,182,000 after buying an additional 16,189,550 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of NVIDIA by 493.2% in the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock valued at $2,388,272,000 after acquiring an additional 15,311,330 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 3.2%

NVDA traded up $4.21 during trading on Tuesday, hitting $135.50. 191,793,409 shares of the stock traded hands, compared to its average volume of 288,540,280. The firm has a 50-day moving average of $114.17 and a 200 day moving average of $126.54. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The firm has a market capitalization of $3.31 trillion, a P/E ratio of 53.33, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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

NVIDIA Dividend Announcement

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

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of analyst reports. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. TD Cowen lowered their price objective on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reissued a "hold" rating on shares of NVIDIA in a research note on Friday. Susquehanna restated a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Wedbush downgraded NVIDIA from an "outperform" rating to a "cautious" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $167.53.

NVIDIA Company 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.