PGGM Investments Purchases 20,907 Shares of NVIDIA Co. (NASDAQ:NVDA)

PGGM Investments increased its position in NVIDIA Co. (NASDAQ:NVDA) by 16.6% in the 4th quarter, Holdings Channel reports. The firm owned 146,666 shares of the computer hardware maker’s stock after buying an additional 20,907 shares during the quarter. NVIDIA comprises approximately 1.1% of PGGM Investments’ investment portfolio, making the stock its 23rd biggest position. PGGM Investments’ holdings in NVIDIA were worth $72,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA during the fourth quarter valued at $28,000. Criterion Capital Advisors LLC acquired a new position in NVIDIA in the fourth quarter valued at about $28,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA during the third quarter worth about $30,000. Trivant Custom Portfolio Group LLC boosted its holdings in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Finally, O Brien Wealth Partners LLC grew its position in NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction on Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of several research analyst reports. Raymond James increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 11th. Piper Sandler boosted their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Rosenblatt Securities reissued a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a research note on Tuesday, February 20th. Loop Capital assumed coverage on shares of NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target for the company. Finally, UBS Group upped their price objective on NVIDIA from $1,100.00 to $1,150.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has 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 a consensus target price of $941.55.

NVIDIA Price Performance

Shares of NVDA stock opened at $887.89 on Monday. NVIDIA Co. has a 52-week low of $272.40 and a 52-week high of $974.00. The stock has a 50 day moving average price of $867.38 and a 200 day moving average price of $652.35. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 74.36, a P/E/G ratio of 1.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS 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 analyst estimates of $20.40 billion. During the same quarter in the previous year, the business posted $0.65 EPS. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.