Nan Shan Life Insurance Co. Ltd. raised its position in NVIDIA Co. (NASDAQ:NVDA) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 233,939 shares of the computer hardware maker’s stock after buying an additional 22,639 shares during the quarter. NVIDIA comprises about 2.3% of Nan Shan Life Insurance Co. Ltd.’s portfolio, making the stock its 14th largest position. Nan Shan Life Insurance Co. Ltd.’s holdings in NVIDIA were worth $61,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NVDA. Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter valued at approximately $1,337,713,000. BlackRock Inc. lifted its position in shares of NVIDIA by 6.1% in the 1st quarter. BlackRock Inc. now owns 42,753,245 shares of the computer hardware maker’s stock worth $11,269,755,000 after purchasing an additional 2,439,025 shares during the period. GQG Partners LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $572,319,000. Nuveen Asset Management LLC lifted its position in shares of NVIDIA by 41.6% during the 4th quarter. Nuveen Asset Management LLC now owns 5,375,470 shares of the computer hardware maker’s stock valued at $1,264,848,000 after acquiring an additional 1,579,858 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in NVIDIA by 16.9% during the 1st quarter. Bank of New York Mellon Corp now owns 6,207,761 shares of the computer hardware maker’s stock valued at $1,636,366,000 after purchasing an additional 897,671 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors.

In other news, Director Robert K. Burgess sold 20,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $222.33, for a total transaction of $4,446,600.00. Following the completion of the transaction, the director now directly owns 13,935 shares in the company, valued at $3,098,168.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James C. Gaither sold 15,669 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $269.41, for a total value of $4,221,385.29. Following the transaction, the director now owns 2,221 shares of the company’s stock, valued at $598,359.61. The disclosure for this sale can be found here. Insiders have sold 105,669 shares of company stock valued at $27,025,985 in the last three months. Insiders own 4.64% of the company’s stock.

NVIDIA stock traded up $9.81 on Friday, hitting $360.82. 19,562,264 shares of the stock traded hands, compared to its average volume of 12,223,792. The company has a current ratio of 7.67, a quick ratio of 7.13 and a debt-to-equity ratio of 0.21. The firm has a market cap of $220.71 billion, a P/E ratio of 80.16, a price-to-earnings-growth ratio of 3.76 and a beta of 1.33. The business’s fifty day simple moving average is $290.96 and its 200 day simple moving average is $251.57. NVIDIA Co. has a 1 year low of $132.60 and a 1 year high of $363.50.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, May 21st. The computer hardware maker reported $1.80 EPS for the quarter, beating the consensus estimate of $1.36 by $0.44. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3 billion. NVIDIA had a return on equity of 26.08% and a net margin of 25.60%. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. As a group, analysts predict that NVIDIA Co. will post 6.29 earnings per share for the current year.

NVDA has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on shares of NVIDIA from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $297.00 price objective on the stock. in a report on Monday, May 4th. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 1st. Barclays reissued a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a report on Friday, February 14th. Finally, Craig Hallum upped their price objective on shares of NVIDIA from $300.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday. Four analysts have rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $340.41.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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