MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 15,495 Shares of NVIDIA Co. (NASDAQ:NVDA)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,633 shares of the computer hardware maker’s stock after buying an additional 15,495 shares during the quarter. NVIDIA comprises about 2.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s investment portfolio, making the stock its 4th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in NVIDIA were worth $65,187,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter worth $3,900,874,000. Moneta Group Investment Advisors LLC lifted its stake in shares of NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares in the last quarter. Morgan Stanley lifted its stake in shares of NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Barclays PLC lifted its stake in shares of NVIDIA by 55.7% during the second quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after purchasing an additional 2,740,850 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of NVIDIA by 1.1% during the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after purchasing an additional 2,287,471 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 1.0 %

NASDAQ NVDA opened at $894.52 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a 50-day simple moving average of $784.77 and a 200 day simple moving average of $582.07. NVIDIA Co. has a twelve month low of $262.20 and a twelve month high of $974.00. The stock has a market cap of $2.24 trillion, a PE ratio of 74.92, a PEG ratio of 1.30 and a beta of 1.73.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 265.3% on a year-over-year basis. On average, research analysts forecast that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NVDA. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Jefferies Financial Group upped their target price on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. UBS Group increased their price objective on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company increased their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Finally, Wolfe Research increased their price objective on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $908.68.

View Our Latest Stock Analysis on NVDA

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 11,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the transaction, the director now owns 1,074,833 shares of the company’s stock, valued at $973,422,506.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the sale, the director now directly owns 1,074,833 shares of the company’s stock, valued at approximately $973,422,506.45. The disclosure for this sale can be found here. Insiders sold 116,352 shares of company stock valued at $74,815,227 over the last quarter. Corporate insiders own 3.99% of the company’s stock.

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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