NVIDIA Co. (NASDAQ:NVDA) Holdings Decreased by Bedrijfstakpensioenfonds Voor DE Media PNO

Bedrijfstakpensioenfonds Voor DE Media PNO trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 30.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,500 shares of the computer hardware maker’s stock after selling 29,000 shares during the period. NVIDIA makes up about 7.4% of Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings, making the stock its 2nd biggest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in NVIDIA were worth $56,473,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NVDA. Centennial Wealth Advisory LLC increased its stake in shares of NVIDIA by 2.2% in the first quarter. Centennial Wealth Advisory LLC now owns 1,421 shares of the computer hardware maker’s stock worth $1,284,000 after acquiring an additional 31 shares during the last quarter. Bay Rivers Group grew its stake in NVIDIA by 5.9% in the first quarter. Bay Rivers Group now owns 11,678 shares of the computer hardware maker’s stock valued at $10,552,000 after purchasing an additional 651 shares in the last quarter. Greystone Financial Group LLC increased its position in NVIDIA by 2.7% in the 1st quarter. Greystone Financial Group LLC now owns 1,877 shares of the computer hardware maker’s stock worth $1,696,000 after purchasing an additional 49 shares during the last quarter. HF Advisory Group LLC raised its stake in shares of NVIDIA by 5.1% during the 1st quarter. HF Advisory Group LLC now owns 1,657 shares of the computer hardware maker’s stock worth $1,497,000 after purchasing an additional 80 shares in the last quarter. Finally, PFG Investments LLC lifted its holdings in shares of NVIDIA by 88.2% during the 1st quarter. PFG Investments LLC now owns 47,982 shares of the computer hardware maker’s stock valued at $43,355,000 after buying an additional 22,493 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVDA traded up $0.22 during trading on Monday, reaching $877.57. 38,801,024 shares of the company’s stock were exchanged, compared to its average volume of 52,003,020. NVIDIA Co. has a fifty-two week low of $272.40 and a fifty-two week high of $974.00. The company has a market capitalization of $2.19 trillion, a P/E ratio of 73.50, a PEG ratio of 1.26 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $857.43 and a 200 day moving average price of $640.64.

NVIDIA (NASDAQ:NVDA) last issued its earnings results 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 net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period in the previous year, the business earned $0.65 EPS. The firm’s revenue was up 265.3% on a year-over-year basis. As a group, analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 in the last 90 days. 3.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVDA shares. Sanford C. Bernstein increased their price objective on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Mizuho increased their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. CICC Research assumed coverage on shares of NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective for the company. Finally, Evercore ISI began coverage on NVIDIA in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $940.30.

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.