NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Tredje AP fonden

Tredje AP fonden lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 879.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,467,509 shares of the computer hardware maker’s stock after acquiring an additional 4,909,429 shares during the quarter. NVIDIA makes up approximately 6.5% of Tredje AP fonden’s holdings, making the stock its 2nd largest holding. Tredje AP fonden’s holdings in NVIDIA were worth $675,456,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. lifted its position in NVIDIA by 911.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 957,780 shares of the computer hardware maker’s stock worth $118,324,000 after buying an additional 863,088 shares in the last quarter. Argent Trust Co raised its stake in shares of NVIDIA by 913.2% in the second quarter. Argent Trust Co now owns 205,564 shares of the computer hardware maker’s stock worth $25,395,000 after acquiring an additional 185,276 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its position in shares of NVIDIA by 924.4% during the second quarter. Meiji Yasuda Life Insurance Co now owns 698,349 shares of the computer hardware maker’s stock worth $86,274,000 after purchasing an additional 630,180 shares in the last quarter. Legacy Financial Group Inc. lifted its position in shares of NVIDIA by 984.4% during the second quarter. Legacy Financial Group Inc. now owns 15,387 shares of the computer hardware maker’s stock worth $1,901,000 after purchasing an additional 13,968 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of NVIDIA by 958.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 4,436,598 shares of the computer hardware maker’s stock valued at $546,296,000 after purchasing an additional 4,017,339 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the sale, the director now directly owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the sale, the insider now owns 492,409 shares in the company, valued at $57,370,572.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,876,270 shares of company stock valued at $333,061,527. 4.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NVDA shares. Robert W. Baird boosted their price objective on shares of NVIDIA from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Loop Capital restated a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 price target on shares of NVIDIA in a report on Monday, August 5th. TD Cowen upgraded NVIDIA to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Benchmark restated a “buy” rating and set a $170.00 target price on shares of NVIDIA in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $143.07.

NVIDIA Trading Up 4.1 %

Shares of NASDAQ:NVDA opened at $143.71 on Tuesday. The company’s 50-day moving average price is $122.58 and its two-hundred day moving average price is $112.92. NVIDIA Co. has a one year low of $39.23 and a one year high of $143.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79. The stock has a market capitalization of $3.53 trillion, a PE ratio of 67.41, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. NVIDIA’s quarterly revenue was up 122.4% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

NVIDIA declared that its board has approved a share buyback program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s payout ratio is presently 1.88%.

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.