NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. grew its position in NVIDIA Co. (NASDAQ:NVDA) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,893 shares of the computer hardware maker’s stock after buying an additional 375 shares during the period. NVIDIA accounts for approximately 2.1% of Desjardins Global Asset Management Inc.’s investment portfolio, making the stock its 8th largest holding. Desjardins Global Asset Management Inc.’s holdings in NVIDIA were worth $19,755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of NVIDIA by 54,019.5% during the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after purchasing an additional 16,835,703 shares during the period. Vanguard Group Inc. grew its stake in shares of NVIDIA by 1.1% during the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after purchasing an additional 2,287,471 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the third quarter worth $728,543,000. California Public Employees Retirement System grew its stake in shares of NVIDIA by 31.0% during the third quarter. California Public Employees Retirement System now owns 5,671,622 shares of the computer hardware maker’s stock worth $2,467,099,000 after purchasing an additional 1,342,875 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of NVIDIA by 99.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,384,968 shares of the computer hardware maker’s stock worth $1,037,437,000 after purchasing an additional 1,189,495 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NVDA shares. Bank of America lifted their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Tigress Financial lifted their target price on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Stifel Nicolaus reiterated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Evercore ISI initiated coverage on NVIDIA in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 target price on the stock. Finally, Morgan Stanley lifted their target price on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

Insider Activity

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

NVIDIA Price Performance

NVIDIA stock opened at $796.77 on Thursday. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00. The stock’s 50 day moving average is $849.38 and its 200-day moving average is $631.03. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 66.73, a PEG ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 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.