NVIDIA Co. (NASDAQ:NVDA) Stake Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,378,544 shares of the computer hardware maker's stock after purchasing an additional 383,901 shares during the period. NVIDIA makes up about 5.8% of Handelsbanken Fonder AB's holdings, making the stock its 2nd biggest holding. Handelsbanken Fonder AB's holdings in NVIDIA were worth $1,528,025,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NVDA. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at about $34,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the 4th quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. lifted its holdings in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after buying an additional 140 shares during the period. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. increased its stake in shares of NVIDIA by 145.9% during the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after buying an additional 248 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock traded down $1.76 during mid-day trading on Friday, reaching $109.67. 113,258,851 shares of the company traded hands, compared to its average volume of 314,758,471. The firm's fifty day moving average is $125.57 and its two-hundred day moving average is $131.32. The company has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 43.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NVDA shares. Needham & Company LLC reissued a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities reiterated a "buy" rating and set a $220.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays increased their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.51.

NVIDIA 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.