Nordea Investment Management AB Buys 4,561,284 Shares of NVIDIA Co. (NASDAQ:NVDA)

Nordea Investment Management AB raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,432,573 shares of the computer hardware maker’s stock after buying an additional 4,561,284 shares during the quarter. NVIDIA comprises 4.9% of Nordea Investment Management AB’s portfolio, making the stock its 3rd largest position. Nordea Investment Management AB owned approximately 0.14% of NVIDIA worth $4,703,145,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. jvl associates llc lifted its position in shares of NVIDIA by 1.0% in the 4th quarter. jvl associates llc now owns 10,652 shares of the computer hardware maker’s stock worth $1,430,000 after buying an additional 105 shares during the last quarter. Waller Financial Planning Group Inc. lifted its holdings in NVIDIA by 4.6% in the fourth quarter. Waller Financial Planning Group Inc. now owns 4,024 shares of the computer hardware maker’s stock worth $540,000 after acquiring an additional 177 shares during the last quarter. NRI Wealth Management LC acquired a new position in NVIDIA in the fourth quarter valued at approximately $12,207,000. GAMMA Investing LLC grew its holdings in shares of NVIDIA by 11.9% during the fourth quarter. GAMMA Investing LLC now owns 397,922 shares of the computer hardware maker’s stock valued at $53,437,000 after purchasing an additional 42,213 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of NVIDIA by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 27,905 shares of the computer hardware maker’s stock worth $3,747,000 after purchasing an additional 8,852 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on NVDA shares. Deutsche Bank Aktiengesellschaft upped their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. TD Cowen increased their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wedbush boosted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Piper Sandler boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.63.

NVIDIA Price Performance

NVDA opened at $142.62 on Friday. NVIDIA Co. has a 12-month low of $60.57 and a 12-month high of $153.13. The firm has a market capitalization of $3.49 trillion, a P/E ratio of 56.13, a PEG ratio of 2.65 and a beta of 1.64. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $138.71 and a 200-day moving average of $129.47.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the business posted $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. Equities analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

About NVIDIA

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.