Mn Services Vermogensbeheer B.V. Sells 12,800 Shares of NVIDIA Co. (NASDAQ:NVDA)

Mn Services Vermogensbeheer B.V. lessened its position in NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 487,628 shares of the computer hardware maker’s stock after selling 12,800 shares during the quarter. NVIDIA comprises approximately 2.2% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its largest holding. Mn Services Vermogensbeheer B.V.’s holdings in NVIDIA were worth $241,483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Norges Bank acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $3,900,874,000. Moneta Group Investment Advisors LLC increased its position in shares of NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after purchasing an additional 16,835,703 shares during the last quarter. Morgan Stanley increased its position in shares of NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares during the last quarter. Finally, Barclays PLC increased its position in shares of NVIDIA by 55.7% during the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after purchasing an additional 2,740,850 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Stevens sold 11,000 shares of the business’s stock in a transaction on 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 owns 1,074,833 shares of the company’s stock, valued at approximately $973,422,506.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was 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 approximately $925,845,476.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $762.00 on Monday. The stock has a market capitalization of $1.91 trillion, a PE ratio of 63.82, a P/E/G ratio of 1.10 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The business has a fifty day moving average price of $844.71 and a two-hundred day moving average price of $624.83. NVIDIA Co. has a fifty-two week low of $262.25 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the previous year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. As a group, equities analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Tuesday, March 19th. Stifel Nicolaus reiterated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Rosenblatt Securities reiterated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a research note on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

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.