2 weeks Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new stake in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) during the fourth quarter, Holdings Channel.com reports.
The firm acquired 9,132,260 shares of the computer hardware maker’s stock, valued at approximately $1,226,371,000. NVIDIA accounts for approximately 5.8% of KLP Kapitalforvaltning AS’s portfolio, making the stock its 2nd largest holding.
Several other institutional investors have also modified their holdings of NVDA. SOA Wealth Advisors LLC. lifted its position in shares of 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 buying an additional 350 shares during the last quarter.
Swedbank AB lifted its position in NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after acquiring an additional 1,868,358 shares during the last quarter.
Impax Asset Management Group plc boosted its stake in NVIDIA by 13.2% in the third quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker’s stock valued at $667,278,000 after acquiring an additional 640,840 shares in the last quarter.
Principal Financial Group Inc. grew its holdings in shares of NVIDIA by 3.7% during the third quarter.
Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares during the last quarter. Finally, Truxt Investmentos Ltda.
acquired a new stake in shares of NVIDIA during the third quarter worth about $3,259,000. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Trading Up 4.3 % Shares of NVDA opened at $111.01 on Friday.
NVIDIA Co. has a 1-year low of $81.25 and a 1-year 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. The firm has a 50 day simple moving average of $113.
21 and a 200-day simple moving average of $129.01. The stock has a market cap of $2.
71 trillion, a price-to-earnings ratio of 43.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.
96. NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.
01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.
04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 1.
36%. Insider Transactions at NVIDIA In other NVIDIA news, insider Donald F. Robertson, Jr.
sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.
00. Following the transaction, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40.
This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link .
Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.
42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.
36. This represents a 27.32 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. 4.
23% of the stock is currently owned by corporate insiders. Analyst Ratings Changes A number of analysts recently issued reports on NVDA shares. Piper Sandler reissued an “overweight” rating on shares of NVIDIA in a research report on Friday.
Mizuho lowered their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th.
Susquehanna reaffirmed a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.
00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Finally, DA Davidson reduced their target price on shares of NVIDIA from $125.
00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $164.96.
Get Our Latest Stock Analysis on NVDA NVIDIA Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NVIDIA Co. ( NASDAQ:NVDA – Free Report ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.
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