Erste Asset Management GmbH Takes $381.39 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Erste Asset Management GmbH bought a new stake in NVIDIA Co. (NASDAQ:NVDA) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,132,964 shares of the computer hardware maker’s stock, valued at approximately $381,389,000. NVIDIA comprises about 4.6% of Erste Asset Management GmbH’s investment portfolio, making the stock its largest holding.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in NVIDIA during the 2nd quarter valued at $27,000. Christopher J. Hasenberg Inc bought a new stake in NVIDIA in the 3rd quarter worth $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of NVIDIA in the second quarter valued at about $31,000. West Financial Advisors LLC bought a new position in shares of NVIDIA during the third quarter valued at about $36,000. Finally, DHJJ Financial Advisors Ltd. boosted its holdings in shares of NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 140 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last three months. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. Evercore ISI upped their target price on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. UBS Group raised their target price on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Bank of America restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Finally, Raymond James increased their target price on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.27.

NVIDIA Stock Performance

Shares of NVDA stock opened at $131.76 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market capitalization of $3.23 trillion, a price-to-earnings ratio of 51.85, a PEG ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a one year low of $54.74 and a one year high of $153.13. The company’s 50-day simple moving average is $139.68 and its 200-day simple moving average is $128.82.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. Equities analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

About NVIDIA

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.