Achmea Investment Management B.V. Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Achmea Investment Management B.V. raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,975,051 shares of the computer hardware maker's stock after acquiring an additional 396,772 shares during the quarter. NVIDIA makes up approximately 6.6% of Achmea Investment Management B.V.'s portfolio, making the stock its 2nd biggest position. Achmea Investment Management B.V.'s holdings in NVIDIA were worth $399,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Group Ltd. boosted its holdings in shares of NVIDIA by 5.0% in the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after purchasing an additional 265 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after buying an additional 350 shares in the last quarter. Swedbank AB grew its stake in NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Quintet Private Bank Europe S.A. increased its stake in shares of NVIDIA by 6.5% in the third quarter. Quintet Private Bank Europe S.A. now owns 1,675,393 shares of the computer hardware maker's stock worth $203,460,000 after buying an additional 102,869 shares during the last quarter. Finally, Arlington Capital Management Inc. increased its position in shares of NVIDIA by 2.5% in the 3rd quarter. Arlington Capital Management Inc. now owns 62,318 shares of the computer hardware maker's stock worth $7,568,000 after purchasing an additional 1,512 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. UBS Group dropped their price objective on NVIDIA from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Finally, Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $165.51.

NVIDIA Trading Down 3.0 %

Shares of NASDAQ NVDA traded down $3.16 during midday trading on Friday, reaching $101.33. The company had a trading volume of 290,593,259 shares, compared to its average volume of 312,017,771. The firm's fifty day moving average price is $117.19 and its 200-day moving average price is $129.89. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The stock has a market cap of $2.47 trillion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.

Insider Buying and Selling at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% 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.