BLI Banque de Luxembourg Investments Invests $93 Million in NVIDIA Co. (NASDAQ:NVDA)

BLI Banque de Luxembourg Investments purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 676,950 shares of the computer hardware maker’s stock, valued at approximately $93,003,000. NVIDIA accounts for about 2.5% of BLI Banque de Luxembourg Investments’ investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds have also bought and sold shares of the business. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the 4th quarter valued at about $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 1.2%

Shares of NVDA opened at $131.29 on Friday. The company has a market capitalization of $3.21 trillion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The business’s 50 day moving average is $113.89 and its 200 day moving average is $126.94. 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 Co. has a 12-month low of $86.62 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Bank of America increased their target price on NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Finally, Rosenblatt Securities dropped their price objective on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.86.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the company’s 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 transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company’s stock.

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.