NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Candriam S.C.A.

Candriam S.C.A. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,061,058 shares of the computer hardware maker's stock after buying an additional 35,684 shares during the period. NVIDIA comprises about 5.5% of Candriam S.C.A.'s portfolio, making the stock its 2nd largest holding. Candriam S.C.A.'s holdings in NVIDIA were worth $948,229,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. AMF Tjanstepension AB increased its stake in NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after acquiring an additional 169,445 shares during the last quarter. Wealth Group Ltd. increased 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 acquiring an additional 265 shares during the period. SOA Wealth Advisors LLC. lifted its position in NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares during the period. Swedbank AB increased its stake in shares of NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after acquiring an additional 1,868,358 shares during the period. Finally, GSB Wealth Management LLC grew its stake in NVIDIA by 4.4% in the 3rd quarter. GSB Wealth Management LLC now owns 31,852 shares of the computer hardware maker's stock valued at $3,868,000 after acquiring an additional 1,353 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities reissued a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Finally, Benchmark reissued a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.39.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last ninety days. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

NASDAQ NVDA traded up $2.03 during trading on Monday, hitting $112.96. 46,901,922 shares of the stock traded hands, compared to its average volume of 313,313,232. 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 12-month low of $75.61 and a 12-month high of $195.95. The firm has a 50-day simple moving average of $118.95 and a 200-day simple moving average of $130.40. The company has a market capitalization of $2.76 trillion, a P/E ratio of 44.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 yield of 0.04%. NVIDIA's payout ratio is 1.36%.

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.