Robeco Schweiz AG Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Robeco Schweiz AG increased its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,800 shares of the computer hardware maker’s stock after purchasing an additional 725 shares during the quarter. Robeco Schweiz AG’s holdings in NVIDIA were worth $6,003,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. acquired a new position in shares of NVIDIA in the third quarter worth $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the third quarter worth $30,000. Marquette Asset Management LLC acquired a new position in shares of NVIDIA in the second quarter worth $34,000. Quarry LP acquired a new position in shares of NVIDIA in the first quarter worth $34,000. Finally, Compass Wealth Management LLC acquired a new position in shares of NVIDIA in the fourth quarter worth $39,000. 64.79% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Up 3.6 %

NASDAQ:NVDA opened at $721.33 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59. NVIDIA Co. has a one year low of $204.21 and a one year high of $721.85. The business’s 50-day simple moving average is $545.55 and its 200 day simple moving average is $485.68. The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 95.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 EPS for the quarter, topping the consensus estimate of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The business had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was up 205.5% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 11.09 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, December 5th. NVIDIA’s payout ratio is currently 2.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Raymond James lifted their price objective on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of NVIDIA in a research report on Friday, November 17th. BMO Capital Markets lifted their price objective on NVIDIA from $600.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Bank of America lifted their price objective on NVIDIA from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, Mizuho lifted their price objective on NVIDIA from $590.00 to $625.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $616.35.

Get Our Latest Stock Report on NVDA

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 218 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the sale, the director now owns 2,183 shares in the company, valued at $1,058,733.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Debora Shoquist sold 20,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $481.85, for a total transaction of $9,637,000.00. Following the sale, the executive vice president now directly owns 109,860 shares in the company, valued at approximately $52,936,041. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 218 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $484.99, for a total value of $105,727.82. Following the sale, the director now owns 2,183 shares in the company, valued at $1,058,733.17. The disclosure for this sale can be found here. Insiders have sold 155,216 shares of company stock worth $79,810,950 over the last quarter. 3.99% of the stock is owned by corporate insiders.

NVIDIA Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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