NVIDIA Co. (NASDAQ:NVDA) is KBC Group NV’s 2nd Largest Position

KBC Group NV decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 23.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,772,544 shares of the computer hardware maker’s stock after selling 4,727,024 shares during the period. NVIDIA comprises about 5.8% of KBC Group NV’s holdings, making the stock its 2nd largest position. KBC Group NV owned approximately 0.06% of NVIDIA worth $1,915,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Lantz Financial LLC grew its stake in NVIDIA by 833.1% in the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after buying an additional 36,774 shares in the last quarter. ERn Financial LLC boosted its holdings in shares of NVIDIA by 917.2% in the second quarter. ERn Financial LLC now owns 45,589 shares of the computer hardware maker’s stock worth $5,632,000 after acquiring an additional 41,107 shares during the period. Silver Lake Advisory LLC grew its position in shares of NVIDIA by 2,765.4% in the second quarter. Silver Lake Advisory LLC now owns 39,801 shares of the computer hardware maker’s stock valued at $4,917,000 after purchasing an additional 38,412 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of NVIDIA by 952.0% during the 2nd quarter. Valley National Advisers Inc. now owns 49,171 shares of the computer hardware maker’s stock valued at $6,074,000 after purchasing an additional 44,497 shares during the period. Finally, O ROURKE & COMPANY Inc lifted its holdings in NVIDIA by 953.8% during the 2nd quarter. O ROURKE & COMPANY Inc now owns 6,439 shares of the computer hardware maker’s stock worth $795,000 after purchasing an additional 5,828 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,351,886 shares of company stock valued at $176,825,650. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVDA. Stifel Nicolaus boosted their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Redburn Atlantic initiated coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target on the stock. Susquehanna lifted their price objective on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Robert W. Baird upped their target price on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Benchmark lifted their price target on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Up 0.4 %

NVDA opened at $137.49 on Tuesday. NVIDIA Co. has a 12 month low of $47.32 and a 12 month high of $152.89. The business has a 50-day moving average of $139.84 and a two-hundred day moving average of $128.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 54.11, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders 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 dividend payout ratio (DPR) is presently 1.57%.

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.