BI Asset Management Fondsmaeglerselskab A S increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,092.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,456 shares of the computer hardware maker’s stock after acquiring an additional 18,741 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in NVIDIA were worth $5,392,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Accurate Investment Solutions Inc. grew its holdings in NVIDIA by 111.1% in the first quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. PrairieView Partners LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth $26,000. Stonebridge Financial Planning Group LLC purchased a new position in NVIDIA during the 4th quarter worth $28,000. Howard Wealth Management LLC purchased a new position in NVIDIA during the 4th quarter worth $28,000. Finally, Braun Bostich & Associates Inc. purchased a new stake in NVIDIA in the fourth quarter valued at about $30,000. 66.68% of the stock is owned by institutional investors.

NVDA has been the topic of several recent analyst reports. Nomura upped their price objective on shares of NVIDIA from $230.00 to $260.00 and gave the company a “reduce” rating in a report on Friday. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $297.00 price target for the company. in a report on Monday, May 4th. Sanford C. Bernstein lifted their price objective on shares of NVIDIA from $360.00 to $415.00 and gave the stock an “outperform” rating in a research note on Friday. Benchmark upped their target price on NVIDIA from $320.00 to $410.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets raised NVIDIA from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $285.00 to $425.00 in a research report on Monday, May 18th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. NVIDIA presently has an average rating of “Buy” and an average price target of $340.68.

In related news, Director Mark A. Stevens sold 60,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $261.63, for a total value of $15,697,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James C. Gaither sold 15,669 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $269.41, for a total transaction of $4,221,385.29. Following the completion of the transaction, the director now directly owns 2,221 shares in the company, valued at approximately $598,359.61. The disclosure for this sale can be found here. Insiders sold 105,669 shares of company stock valued at $27,025,985 over the last quarter. 4.64% of the stock is currently owned by company insiders.

Shares of NVDA traded up $10.04 during mid-day trading on Friday, reaching $361.05. The stock had a trading volume of 25,601,366 shares, compared to its average volume of 12,644,931. NVIDIA Co. has a 52-week low of $132.60 and a 52-week high of $363.72. The firm has a market cap of $215.92 billion, a price-to-earnings ratio of 67.49, a P/E/G ratio of 3.68 and a beta of 1.33. The business’s fifty day moving average is $292.70 and its 200 day moving average is $252.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.67 and a quick ratio of 7.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3 billion. NVIDIA had a net margin of 28.17% and a return on equity of 29.76%. NVIDIA’s revenue was up 38.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. As a group, sell-side analysts anticipate that NVIDIA Co. will post 6.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.18%. NVIDIA’s payout ratio is 13.94%.

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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