Achmea Investment Management B.V. Decreases Position in NVIDIA Co. (NVDA)

Achmea Investment Management B.V. cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,126 shares of the computer hardware maker’s stock after selling 4,074 shares during the quarter. NVIDIA accounts for about 0.7% of Achmea Investment Management B.V.’s portfolio, making the stock its 28th biggest holding. Achmea Investment Management B.V.’s holdings in NVIDIA were worth $18,298,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Broderick Brian C grew its stake in NVIDIA by 5.8% in the second quarter. Broderick Brian C now owns 9,931 shares of the computer hardware maker’s stock valued at $2,353,000 after purchasing an additional 546 shares in the last quarter. Arrow Financial Corp grew its stake in NVIDIA by 8.3% in the second quarter. Arrow Financial Corp now owns 11,652 shares of the computer hardware maker’s stock valued at $2,762,000 after purchasing an additional 890 shares in the last quarter. Nvwm LLC grew its stake in NVIDIA by 38.4% in the second quarter. Nvwm LLC now owns 8,907 shares of the computer hardware maker’s stock valued at $2,110,000 after purchasing an additional 2,473 shares in the last quarter. Boston Family Office LLC grew its stake in NVIDIA by 141.7% in the third quarter. Boston Family Office LLC now owns 2,175 shares of the computer hardware maker’s stock valued at $611,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in NVIDIA by 18.3% in the third quarter. Whittier Trust Co. now owns 29,872 shares of the computer hardware maker’s stock valued at $8,394,000 after purchasing an additional 4,616 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

In other NVIDIA news, insider Michael Byron sold 11,257 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $263.94, for a total value of $2,971,172.58. Following the sale, the insider now owns 81,414 shares in the company, valued at approximately $21,488,411.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 90,831 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $289.35, for a total value of $26,281,949.85. Following the completion of the sale, the executive vice president now owns 184,001 shares in the company, valued at approximately $53,240,689.35. The disclosure for this sale can be found here. Insiders sold a total of 113,707 shares of company stock worth $32,347,973 in the last quarter. Corporate insiders own 4.70% of the company’s stock.

NVDA has been the subject of several research analyst reports. Argus reiterated a “buy” rating and set a $300.00 target price on shares of NVIDIA in a research note on Friday, October 12th. Morgan Stanley upgraded NVIDIA from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 30th. UBS Group upgraded NVIDIA from a “market perform” rating to an “outperform” rating in a research note on Friday, August 17th. BidaskClub downgraded NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, JPMorgan Chase & Co. upgraded NVIDIA from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $265.00 to $255.00 in a research note on Tuesday, October 30th. Eleven analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $289.82.

Shares of NVDA stock opened at $205.67 on Friday. The firm has a market cap of $128.32 billion, a P/E ratio of 44.04, a PEG ratio of 2.77 and a beta of 2.01. NVIDIA Co. has a twelve month low of $176.01 and a twelve month high of $292.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 6.66 and a current ratio of 7.41.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.28. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the company posted $1.01 EPS. NVIDIA’s quarterly revenue was up 40.0% compared to the same quarter last year. Equities research analysts expect that NVIDIA Co. will post 7.15 EPS for the current fiscal year.

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About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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