NVIDIA Co. (NASDAQ:NVDA) is Tredje AP fonden’s 3rd Largest Position

Tredje AP fonden raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,269,455 shares of the computer hardware maker’s stock after acquiring an additional 58,226 shares during the period. NVIDIA accounts for about 6.4% of Tredje AP fonden’s holdings, making the stock its 3rd biggest position. Tredje AP fonden’s holdings in NVIDIA were worth $707,635,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Wealth Group Ltd. grew its position in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock valued at $680,000 after acquiring an additional 265 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after purchasing an additional 350 shares during the period. Swedbank AB increased its position in NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock worth $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Quintet Private Bank Europe S.A. raised its holdings in NVIDIA by 6.5% in the third quarter. Quintet Private Bank Europe S.A. now owns 1,675,393 shares of the computer hardware maker’s stock valued at $203,460,000 after buying an additional 102,869 shares during the period. Finally, Arlington Capital Management Inc. lifted its position in NVIDIA by 2.5% during the third quarter. Arlington Capital Management Inc. now owns 62,318 shares of the computer hardware maker’s stock valued at $7,568,000 after buying an additional 1,512 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVDA. Mizuho dropped their price objective on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Benchmark reiterated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna restated a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Finally, William Blair reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $165.51.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $101.33 on Friday. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. The firm’s 50-day moving average price is $117.19 and its two-hundred day moving average price is $129.89. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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

NVIDIA Dividend Announcement

The company also recently declared 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 was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last quarter. Company insiders own 4.23% of the company’s stock.

NVIDIA Company 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.