BI Asset Management Fondsmaeglerselskab A S Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

BI Asset Management Fondsmaeglerselskab A S raised its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,046,375 shares of the computer hardware maker's stock after purchasing an additional 1,395,025 shares during the quarter. NVIDIA accounts for about 7.1% of BI Asset Management Fondsmaeglerselskab A S's investment portfolio, making the stock its biggest holding. BI Asset Management Fondsmaeglerselskab A S's holdings in NVIDIA were worth $677,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tacita Capital Inc bought a new stake in shares of NVIDIA in the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA during the fourth quarter valued at approximately $46,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NVDA traded up $0.57 during trading hours on Friday, hitting $135.40. The company's stock had a trading volume of 221,859,039 shares, compared to its average volume of 294,737,502. The business's 50-day moving average price is $112.33 and its 200-day moving average price is $126.97. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The stock has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.29, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, 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 business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Morgan Stanley cut their target price on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Susquehanna restated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. One 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

NVIDIA 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.