Erste Asset Management GmbH Acquires Shares of 3,132,964 NVIDIA Co. (NASDAQ:NVDA)

Erste Asset Management GmbH bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,132,964 shares of the computer hardware maker’s stock, valued at approximately $381,389,000. NVIDIA comprises about 4.6% of Erste Asset Management GmbH’s investment portfolio, making the stock its largest holding.

Other large investors have also made changes to their positions in the company. Josh Arnold Investment Consultant LLC grew its position in NVIDIA by 52.9% in the third quarter. Josh Arnold Investment Consultant LLC now owns 24,374 shares of the computer hardware maker’s stock worth $2,960,000 after acquiring an additional 8,429 shares during the period. True Wealth Design LLC grew its holdings in shares of NVIDIA by 74.8% during the 3rd quarter. True Wealth Design LLC now owns 3,085 shares of the computer hardware maker’s stock worth $375,000 after purchasing an additional 1,320 shares during the period. Plotkin Financial Advisors LLC acquired a new stake in shares of NVIDIA during the 3rd quarter worth about $2,381,000. Kitching Partners LLC acquired a new stake in shares of NVIDIA during the 3rd quarter worth about $534,000. Finally, Boxwood Ventures Inc. purchased a new stake in NVIDIA in the 3rd quarter valued at about $1,464,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Redburn Atlantic assumed coverage on NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price on the stock. Piper Sandler boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research note on Wednesday, January 8th. Bank of America reaffirmed a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Evercore ISI increased their price target on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $164.27.

NVIDIA Trading Down 1.1 %

NASDAQ:NVDA opened at $131.76 on Wednesday. NVIDIA Co. has a 52 week low of $54.74 and a 52 week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm’s fifty day moving average is $139.68 and its 200-day moving average is $128.82. The firm has a market cap of $3.23 trillion, a P/E ratio of 51.85, a P/E/G ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating 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 company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the company earned $0.38 EPS. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. Equities analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

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