NVIDIA Corporation $NVDA Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,152,270 shares of the computer hardware maker’s stock after purchasing an additional 185,350 shares during the quarter. NVIDIA makes up approximately 7.9% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its biggest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in NVIDIA were worth $804,942,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NVDA. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the 2nd quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC boosted its position in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA in the second quarter worth $40,000. Finally, Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. Citigroup raised their target price on NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Tuesday. Seaport Global Securities increased their price objective on NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a research report on Monday, November 17th. CICC Research lifted their target price on NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Finally, Rosenblatt Securities upped their target price on NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus price target of $258.65.

NVIDIA Stock Performance

Shares of NVDA stock opened at $175.02 on Friday. The stock’s fifty day simple moving average is $186.69 and its 200-day simple moving average is $173.54. The company has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 43.43, a P/E/G ratio of 0.89 and a beta of 2.29. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

Insider Activity at NVIDIA

In other news, EVP Debora Shoquist sold 80,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total value of $14,772,000.00. Following the transaction, the executive vice president directly owned 1,574,443 shares of the company’s stock, valued at approximately $290,720,899.95. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, September 26th. The shares were sold at an average price of $176.96, for a total value of $13,272,000.00. Following the sale, the chief executive officer directly owned 71,308,203 shares of the company’s stock, valued at approximately $12,618,699,602.88. The trade was a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,829,474 shares of company stock valued at $512,805,367. Insiders own 4.17% of the company’s stock.

NVIDIA 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.