308,075 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 308,075 shares of the computer hardware maker’s stock, valued at approximately $41,371,000. NVIDIA accounts for 7.3% of Sava Infond d.o.o.’s holdings, making the stock its biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Artisan Partners Limited Partnership increased its position in NVIDIA by 0.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,901,766 shares of the computer hardware maker’s stock worth $389,678,000 after purchasing an additional 18,136 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in NVIDIA by 9.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 40,381,662 shares of the computer hardware maker’s stock worth $5,833,939,000 after buying an additional 3,365,130 shares during the last quarter. Foundation Wealth Management LLC PA bought a new position in NVIDIA during the fourth quarter valued at approximately $477,000. Hardin Capital Partners LLC lifted its stake in NVIDIA by 8.5% in the fourth quarter. Hardin Capital Partners LLC now owns 2,706 shares of the computer hardware maker’s stock valued at $363,000 after acquiring an additional 213 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in NVIDIA by 75.1% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 706,468 shares of the computer hardware maker’s stock worth $94,872,000 after acquiring an additional 303,021 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $109.02 on Wednesday. The stock has a market cap of $2.66 trillion, a P/E ratio of 42.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1 year low of $81.25 and a 1 year high of $195.95. The stock’s 50-day moving average price is $111.97 and its two-hundred day moving average price is $128.63. 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) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. On average, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In other 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 value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. Corporate insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Morgan Stanley decreased their price target on NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Truist Financial increased their price objective on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, TD Cowen decreased their target price on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $164.96.

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.