Groupama Asset Managment Acquires 2,184,710 Shares of NVIDIA Co. (NASDAQ:NVDA)

Groupama Asset Managment increased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 109.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,187,874 shares of the computer hardware maker's stock after purchasing an additional 2,184,710 shares during the period. NVIDIA accounts for approximately 9.9% of Groupama Asset Managment's portfolio, making the stock its largest position. Groupama Asset Managment's holdings in NVIDIA were worth $508,575,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NVDA. Christopher J. Hasenberg Inc acquired a new position in shares of NVIDIA in the 3rd quarter valued at $27,000. Quest Partners LLC purchased a new stake in NVIDIA in the second quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA in the second quarter valued at $31,000. West Financial Advisors LLC purchased a new position in shares of NVIDIA during the third quarter worth about $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares of the company's stock, valued at approximately $65,056,016.72. The trade was 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 accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

NVIDIA stock opened at $137.71 on Monday. The firm's 50-day moving average is $138.99 and its two-hundred day moving average is $129.04. 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 P/E ratio of 54.20, a P/E/G ratio of 2.45 and a beta of 1.64. NVIDIA Co. has a 12-month low of $56.11 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. During the same period in the previous year, the company earned $0.38 EPS. NVIDIA's revenue for the quarter was up 93.6% on a year-over-year basis. Equities analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's payout ratio is 1.57%.

Analyst Ratings Changes

Several research analysts have commented on NVDA shares. HSBC cut their price target on NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Redburn Atlantic started coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They issued a "buy" rating and a $178.00 price target for the company. Stifel Nicolaus upped their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Bank of America reissued a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, Benchmark reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $164.63.

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.