Bedrijfstakpensioenfonds Voor DE Media PNO Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

Bedrijfstakpensioenfonds Voor DE Media PNO lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,500 shares of the computer hardware maker’s stock after selling 4,500 shares during the quarter. NVIDIA makes up approximately 6.4% of Bedrijfstakpensioenfonds Voor DE Media PNO’s portfolio, making the stock its 4th biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in NVIDIA were worth $47,789,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. United Bank raised its holdings in NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after acquiring an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after acquiring an additional 249,045 shares during the period. MAS Advisors LLC raised its holdings in NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after acquiring an additional 583 shares during the period. Navis Wealth Advisors LLC raised its holdings in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the period. Finally, Ergoteles LLC bought a new stake in NVIDIA during the 1st quarter valued at $929,000. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler boosted their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Stifel Nicolaus restated a “buy” rating and set a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Morgan Stanley boosted their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group boosted their price target on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $926.30.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $906.16 on Friday. The company has a market cap of $2.27 trillion, a price-to-earnings ratio of 75.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The company has a 50-day moving average price of $826.53 and a 200-day moving average price of $604.97. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12 month low of $262.20 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. NVIDIA’s revenue was up 265.3% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 11,000 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the completion of the transaction, the director now directly owns 1,074,833 shares of the company’s stock, valued at $973,422,506.45. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 over the last three months. Corporate insiders own 3.99% 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.