Nordea Investment Management AB Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

Nordea Investment Management AB lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,009,186 shares of the computer hardware maker’s stock after selling 141,464 shares during the quarter. NVIDIA comprises 1.9% of Nordea Investment Management AB’s investment portfolio, making the stock its 4th largest position. Nordea Investment Management AB owned about 0.12% of NVIDIA worth $1,482,596,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Peoples Financial Services CORP. purchased a new position in shares of NVIDIA in the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the third quarter worth $30,000. Trivant Custom Portfolio Group LLC increased its holdings in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $52,000. Finally, Quarry LP bought a new position in NVIDIA during the first quarter valued at approximately $34,000. Institutional investors own 64.79% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Benchmark lifted their price target on NVIDIA from $625.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. BMO Capital Markets upped their price objective on NVIDIA from $600.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. UBS Group dropped their price target on NVIDIA from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Loop Capital started coverage on NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective on the stock. Finally, Oppenheimer restated an “outperform” rating and set a $850.00 price objective on shares of NVIDIA in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $829.66.

Read Our Latest Research Report on NVDA

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now directly owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,774 shares of company stock valued at $64,322,528. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Down 0.1 %

Shares of NVIDIA stock opened at $878.36 on Monday. The firm has a market cap of $2.20 trillion, a price-to-earnings ratio of 73.56, a PEG ratio of 1.40 and a beta of 1.73. The company has a 50-day moving average of $706.74 and a 200 day moving average of $547.71. NVIDIA Co. has a 1 year low of $238.94 and a 1 year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. As a group, sell-side analysts anticipate that NVIDIA Co. will post 21.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date is Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

About NVIDIA

(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

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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