Bank Julius Baer & Co. Ltd Zurich Has $764.53 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,543,810 shares of the computer hardware maker’s stock after acquiring an additional 170,366 shares during the quarter. NVIDIA comprises 4.0% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 5th biggest position. Bank Julius Baer & Co. Ltd Zurich owned 0.06% of NVIDIA worth $764,526,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Moody Lynn & Lieberson LLC raised its stake in shares of NVIDIA by 7.2% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after acquiring an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new position in NVIDIA during the 4th quarter valued at approximately $2,639,000. McLean Asset Management Corp increased its stake in NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 186 shares in the last quarter. Cornercap Investment Counsel Inc. increased its stake in NVIDIA by 5.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after purchasing an additional 209 shares in the last quarter. Finally, Shilanski & Associates Inc. increased its stake in NVIDIA by 15.9% during the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after purchasing an additional 410 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVDA shares. Mizuho upped their price target on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Loop Capital started coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target on the stock. Jefferies Financial Group upped their price target on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Finally, Argus upped their price objective on shares of NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $941.55.

NVIDIA Stock Up 3.5 %

Shares of NASDAQ NVDA opened at $887.89 on Friday. The stock has a market cap of $2.22 trillion, a PE ratio of 74.36, a P/E/G ratio of 1.19 and a beta of 1.75. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $272.40 and a 12-month high of $974.00. The company has a 50-day moving average of $865.39 and a 200 day moving average of $646.31.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The business’s revenue was up 265.3% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is presently 1.34%.

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.