Ayalon Insurance Comp Ltd. Acquires 10,569 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Ayalon Insurance Comp Ltd. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 20.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,725 shares of the computer hardware maker’s stock after purchasing an additional 10,569 shares during the quarter. NVIDIA accounts for approximately 2.2% of Ayalon Insurance Comp Ltd.’s investment portfolio, making the stock its 16th biggest holding. Ayalon Insurance Comp Ltd.’s holdings in NVIDIA were worth $6,799,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new stake in NVIDIA during the fourth quarter worth $43,515,504,000. GAMMA Investing LLC raised its position in NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter. Northern Trust Corp raised its position in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC raised its position in NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker’s stock worth $4,656,682,000 after acquiring an additional 34,441,082 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the sale, the chief executive officer directly owned 75,323,225 shares in the company, valued at $11,865,667,634.25. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 51,740 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the completion of the sale, the director owned 1,576,709 shares in the company, valued at approximately $243,790,745.58. The trade was a 3.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,044,919 shares of company stock worth $584,414,209 over the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 1.3%

Shares of NVIDIA stock opened at $159.28 on Friday. The company has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $160.98. The firm’s 50-day moving average price is $136.38 and its two-hundred day moving average price is $127.83.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.29%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NVDA shares. DA Davidson upped their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Barclays upped their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Citigroup reiterated a “buy” rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, UBS Group reiterated a “buy” rating on shares of NVIDIA in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $176.19.

NVIDIA 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.