AEGON ASSET MANAGEMENT UK Plc lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 701,426 shares of the computer hardware maker’s stock after selling 24,638 shares during the period. NVIDIA accounts for approximately 3.4% of AEGON ASSET MANAGEMENT UK Plc’s holdings, making the stock its 3rd biggest position. AEGON ASSET MANAGEMENT UK Plc’s holdings in NVIDIA were worth $194,821,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter worth about $3,900,874,000. Moneta Group Investment Advisors LLC raised its position in NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after buying an additional 19,574,443 shares during the last quarter. Jennison Associates LLC raised its position in NVIDIA by 34.8% in the 4th quarter. Jennison Associates LLC now owns 23,299,291 shares of the computer hardware maker’s stock worth $3,404,958,000 after buying an additional 6,013,647 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in NVIDIA by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock worth $8,323,694,000 after buying an additional 5,043,685 shares during the last quarter. Finally, Morgan Stanley raised its position in NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after buying an additional 4,621,002 shares during the last quarter. Institutional investors own 64.00% of the company’s stock.
Insider Transactions at NVIDIA
In other news, CFO Colette Kress sold 6,124 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total transaction of $2,489,467.24. Following the sale, the chief financial officer now owns 538,745 shares in the company, valued at $219,005,229.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Colette Kress sold 6,124 shares of NVIDIA stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $406.51, for a total transaction of $2,489,467.24. Following the completion of the sale, the chief financial officer now owns 538,745 shares of the company’s stock, valued at $219,005,229.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey C. Jones sold 119,795 shares of NVIDIA stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $403.17, for a total value of $48,297,750.15. Following the sale, the director now directly owns 676,396 shares of the company’s stock, valued at approximately $272,702,575.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 372,988 shares of company stock worth $148,368,561. Insiders own 3.99% of the company’s stock.
Analysts Set New Price Targets
NVIDIA Price Performance
NVDA opened at $406.32 on Tuesday. The business’s 50-day moving average is $340.63 and its two-hundred day moving average is $257.14. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $439.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.43 and a quick ratio of 2.79. The firm has a market capitalization of $1.00 trillion, a PE ratio of 211.63, a price-to-earnings-growth ratio of 2.91 and a beta of 1.75.
NVIDIA (NASDAQ:NVDA – Get Rating) last posted its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The company had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 6.31 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 8th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s payout ratio is 8.33%.
About NVIDIA
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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