Sava Infond d.o.o. increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,820 shares of the computer hardware maker's stock after acquiring an additional 19,745 shares during the quarter. NVIDIA accounts for approximately 6.8% of Sava Infond d.o.o.'s portfolio, making the stock its largest position. Sava Infond d.o.o.'s holdings in NVIDIA were worth $35,529,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in NVIDIA during the 4th quarter valued at $43,515,504,000. GAMMA Investing LLC increased its stake 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 valued at $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp increased its stake 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 purchasing an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC increased its stake in 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 valued at $4,656,682,000 after purchasing an additional 34,441,082 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in NVIDIA by 204.6% during 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 purchasing an additional 23,948,733 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 49,131 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director directly owned 1,826,382 shares in the company, valued at approximately $297,389,781.06. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,520,246 shares of company stock worth $660,253,045. Insiders own 4.17% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on the stock. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $177.03.
Check Out Our Latest Report on NVIDIA
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $164.07 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.00 trillion, a PE ratio of 52.93, a P/E/G ratio of 1.46 and a beta of 2.13. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $167.89. The company has a 50-day moving average price of $142.53 and a two-hundred day moving average price of $128.80.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. Equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.
NVIDIA Profile
(
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.
Further Reading
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