NVIDIA Co. (NASDAQ:NVDA) Stock Position Increased by Czech National Bank

Czech National Bank increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,625,493 shares of the computer hardware maker’s stock after buying an additional 308,653 shares during the period. NVIDIA accounts for 5.6% of Czech National Bank’s holdings, making the stock its 3rd biggest position. Czech National Bank’s holdings in NVIDIA were worth $609,691,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Wealth Group Ltd. boosted its holdings in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock worth $766,000 after buying an additional 100 shares in the last quarter. Tallon Kerry Patrick purchased a new position in NVIDIA during the fourth quarter valued at $972,000. Capital & Planning LLC lifted its holdings in NVIDIA by 16.9% during the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker’s stock valued at $1,021,000 after purchasing an additional 1,099 shares in the last quarter. Ironwood Wealth Management LLC. lifted its holdings in NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 104 shares in the last quarter. Finally, Sugar Maple Asset Management LLC lifted its holdings in NVIDIA by 2.9% during the fourth quarter. Sugar Maple Asset Management LLC now owns 8,540 shares of the computer hardware maker’s stock valued at $1,147,000 after purchasing an additional 244 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,560,845 shares of company stock worth $360,351,849. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $142.83 on Thursday. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $153.13. The stock has a market cap of $3.49 trillion, a PE ratio of 56.21, a P/E/G ratio of 1.76 and a beta of 2.12. The firm has a 50-day simple moving average of $120.91 and a two-hundred day simple moving average of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. As a group, analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Raymond James increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $172.24.

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.