Menora Mivtachim Holdings LTD. Acquires 894,080 Shares of NVIDIA Co. (NASDAQ:NVDA)

Menora Mivtachim Holdings LTD. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,436,285 shares of the computer hardware maker's stock after purchasing an additional 894,080 shares during the period. NVIDIA accounts for approximately 5.4% of Menora Mivtachim Holdings LTD.'s holdings, making the stock its 4th biggest holding. Menora Mivtachim Holdings LTD.'s holdings in NVIDIA were worth $864,329,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of NVIDIA in the 4th quarter worth $43,515,504,000. Clear Street Derivatives LLC bought a new position in NVIDIA during the third quarter worth about $4,589,905,000. Proficio Capital Partners LLC boosted its holdings in 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 worth $4,656,682,000 after buying an additional 34,441,082 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of NVIDIA by 493.2% in the 4th 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 last quarter. Finally, GQG Partners LLC raised its position in shares of NVIDIA by 132.3% in the 4th quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock valued at $3,450,975,000 after acquiring an additional 14,636,057 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

NVIDIA stock traded up $5.41 during midday trading on Wednesday, hitting $135.34. The company's stock had a trading volume of 279,277,491 shares, compared to its average volume of 296,146,386. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.26, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a 50-day moving average price of $110.79 and a two-hundred day moving average price of $127.08.

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

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on NVDA. Citigroup reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Benchmark reiterated a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Morgan Stanley decreased their target price on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, Mizuho cut their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.84.

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.