Livforsakringsbolaget Skandia Omsesidigt Has $34.66 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,992 shares of the computer hardware maker’s stock after purchasing an additional 8,271 shares during the period. NVIDIA makes up 3.3% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 4th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NVIDIA were worth $34,658,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA in the fourth quarter worth $28,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA during the third quarter valued at about $30,000. Trivant Custom Portfolio Group LLC boosted its holdings in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 30 shares during the period. O Brien Wealth Partners LLC boosted its holdings in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after acquiring an additional 53 shares during the period. Finally, Beacon Capital Management Inc. bought a new stake in NVIDIA during the fourth quarter valued at about $50,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 over the last three months. 3.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NVDA shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Loop Capital started coverage on shares of NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Raymond James upped their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a research note on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Price Performance

NVDA opened at $877.35 on Friday. NVIDIA Co. has a one year low of $266.25 and a one year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company’s 50 day simple moving average is $854.40 and its 200-day simple moving average is $635.34. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 73.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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 net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid 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 (DPR) is currently 1.34%.

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.