MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 20.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,215,856 shares of the computer hardware maker's stock after acquiring an additional 205,187 shares during the period. NVIDIA accounts for about 3.9% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's investment portfolio, making the stock its 2nd largest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in NVIDIA were worth $131,774,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of NVDA. Norges Bank bought a new position in shares of NVIDIA in the 4th quarter valued at about $43,515,504,000. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 48,439,859 shares in the last quarter. Northern Trust Corp boosted its stake in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insider Buying and Selling
In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 55,681 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $143.67, for a total transaction of $7,999,689.27. Following the sale, the director owned 1,889,037 shares in the company, valued at $271,397,945.79. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,792,267 shares of company stock valued at $544,823,117. Company insiders own 4.17% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on NVDA shares. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Mizuho upped their price target on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. One research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $175.78.
Read Our Latest Research Report on NVIDIA
NVIDIA Trading Down 3.0%
NVDA traded down $4.69 during midday trading on Tuesday, hitting $153.30. The company's stock had a trading volume of 212,374,746 shares, compared to its average volume of 268,672,682. The firm has a 50-day moving average price of $132.18 and a two-hundred day moving average price of $127.06. The firm has a market cap of $3.74 trillion, a P/E ratio of 49.45, a PEG ratio of 1.40 and a beta of 2.12. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $158.71.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the business earned $0.61 EPS. The company's quarterly revenue was up 69.2% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
About NVIDIA
(
Free Report)
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.
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