Assenagon Asset Management S.A. Has $940.76 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Assenagon Asset Management S.A. decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,899,672 shares of the computer hardware maker's stock after selling 485,296 shares during the quarter. NVIDIA accounts for about 2.5% of Assenagon Asset Management S.A.'s holdings, making the stock its 5th biggest holding. Assenagon Asset Management S.A. owned 0.08% of NVIDIA worth $940,756,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. United Bank increased its stake in NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker's stock valued at $2,106,000 after purchasing an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in NVIDIA by 6.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker's stock valued at $1,065,457,000 after purchasing an additional 249,045 shares during the last quarter. MAS Advisors LLC increased its stake in NVIDIA by 42.1% in the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker's stock valued at $545,000 after purchasing an additional 583 shares during the last quarter. Navis Wealth Advisors LLC grew its position in shares of NVIDIA by 205.3% during the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker's stock worth $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC purchased a new position in shares of NVIDIA during the first quarter worth approximately $929,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 0.1 %

NVIDIA stock traded up $1.06 during midday trading on Thursday, hitting $903.56. 43,450,999 shares of the company were exchanged, compared to its average volume of 53,987,379. The company's fifty day moving average price is $765.80 and its 200-day moving average price is $571.71. The company has a market cap of $2.26 trillion, a PE ratio of 75.71, a price-to-earnings-growth ratio of 1.33 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA's revenue for the quarter was up 265.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. On average, research analysts predict that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA's payout ratio is currently 1.34%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. DA Davidson raised their target price on shares of NVIDIA from $410.00 to $620.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $650.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Tigress Financial raised their target price on shares of NVIDIA from $790.00 to $985.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. HSBC raised their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $900.00 target price on shares of NVIDIA in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $908.68.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 35,648 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the transaction, the director now owns 1,189,083 shares of the company's stock, valued at $645,588,833.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 35,648 shares of the company's stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the sale, the director now owns 1,189,083 shares in the company, valued at $645,588,833.19. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Dabiri sold 128 shares of the company's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company's stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders sold a total of 105,352 shares of company stock worth $64,853,077 in the last three months. 3.99% of the stock is owned by insiders.

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.