Bedrijfstakpensioenfonds Voor DE Media PNO Sells 29,000 Shares of NVIDIA Co. (NASDAQ:NVDA)

Bedrijfstakpensioenfonds Voor DE Media PNO reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 30.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,500 shares of the computer hardware maker’s stock after selling 29,000 shares during the quarter. NVIDIA comprises 7.4% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 2nd biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in NVIDIA were worth $56,473,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA in the 4th quarter valued at approximately $28,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA during the third quarter worth $30,000. Able Wealth Management LLC purchased a new stake in NVIDIA during the fourth quarter worth $32,000. Finally, Trivant Custom Portfolio Group LLC grew its holdings in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wolfe Research boosted their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Benchmark reaffirmed a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Morgan Stanley upped their target price on NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, HSBC increased their target price on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Trading Up 0.0 %

Shares of NVIDIA stock traded up $0.22 during trading hours on Monday, hitting $877.57. The company’s stock had a trading volume of 38,801,024 shares, compared to its average volume of 52,003,020. The business has a fifty day moving average of $857.43 and a 200 day moving average of $640.64. NVIDIA Co. has a 1-year low of $272.40 and a 1-year high of $974.00. 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 company has a market capitalization of $2.19 trillion, a PE ratio of 73.50, a P/E/G ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) 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 the consensus estimate of $20.40 billion. During the same period in the prior year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 265.3% compared to the same quarter last year. As a group, equities analysts forecast that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company’s stock.

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.