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BetterWealth LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 1,776 shares of the computer hardware maker’s stock, valued at approximately $773,000. NVIDIA accounts for about 0.3% of BetterWealth LLC’s portfolio, making the stock its 24th largest position.

Other institutional investors also recently bought and sold shares of the company. Austin Asset Management Co Inc acquired a new position in NVIDIA during the third quarter worth about $207,000. Everett Harris & Co. CA increased its stake in shares of NVIDIA by 2.5% during the 3rd quarter. Everett Harris & Co. CA now owns 3,620 shares of the computer hardware maker’s stock worth $1,574,000 after purchasing an additional 88 shares in the last quarter. Clear Creek Financial Management LLC raised its position in shares of NVIDIA by 1.2% during the 3rd quarter. Clear Creek Financial Management LLC now owns 7,490 shares of the computer hardware maker’s stock worth $3,258,000 after purchasing an additional 92 shares during the last quarter. Ledge Wealth Management Inc. lifted its stake in NVIDIA by 25.9% in the 3rd quarter. Ledge Wealth Management Inc. now owns 1,171 shares of the computer hardware maker’s stock valued at $509,000 after buying an additional 241 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in NVIDIA by 0.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 101,053 shares of the computer hardware maker’s stock valued at $43,957,000 after buying an additional 899 shares during the last quarter. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. TD Cowen boosted their price target on NVIDIA from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Wednesday, October 11th. Wells Fargo & Company boosted their target price on shares of NVIDIA from $600.00 to $675.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. BMO Capital Markets raised their price target on shares of NVIDIA from $600.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Truist Financial lifted their price target on shares of NVIDIA from $668.00 to $674.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $650.00 price objective on shares of NVIDIA in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $593.26.

View Our Latest Analysis on NVDA

NVIDIA Price Performance

NVDA stock opened at $531.40 on Wednesday. The stock has a 50-day simple moving average of $480.97 and a 200-day simple moving average of $456.70. The firm has a market cap of $1.31 trillion, a P/E ratio of 70.11, a price-to-earnings-growth ratio of 3.29 and a beta of 1.64. 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 1 year low of $154.72 and a 1 year high of $543.25.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.03 by $0.99. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $16.19 billion. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The business’s quarterly revenue was up 205.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 11.06 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 2.11%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 218 shares of NVIDIA 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 directly owns 2,183 shares in the company, valued at approximately $1,058,733.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director John Dabiri sold 218 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $484.99, for a total transaction of $105,727.82. Following the completion of the transaction, the director now directly owns 2,183 shares of the company’s stock, valued at approximately $1,058,733.17. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $483.18, for a total transaction of $4,831,800.00. Following the completion of the sale, the director now owns 989,831 shares in the company, valued at approximately $478,266,542.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,568 shares of company stock valued at $40,766,381. 3.99% of the stock is currently owned by insiders.

About NVIDIA

(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.

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Handelsbanken Fonder AB raised its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,135,826 shares of the computer hardware maker’s stock after buying an additional 70,859 shares during the quarter. NVIDIA makes up approximately 2.8% of Handelsbanken Fonder AB’s holdings, making the stock its 3rd largest holding. Handelsbanken Fonder AB’s holdings in NVIDIA were worth $494,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. WS Portfolio Advisory LLC grew its holdings in shares of NVIDIA by 59.0% during the 3rd quarter. WS Portfolio Advisory LLC now owns 35,806 shares of the computer hardware maker’s stock worth $15,575,000 after purchasing an additional 13,281 shares during the period. Financial & Tax Architects LLC grew its holdings in shares of NVIDIA by 4.0% during the 3rd quarter. Financial & Tax Architects LLC now owns 4,069 shares of the computer hardware maker’s stock worth $1,770,000 after purchasing an additional 156 shares during the period. Ballast Advisors LLC grew its holdings in shares of NVIDIA by 28.8% during the 3rd quarter. Ballast Advisors LLC now owns 3,228 shares of the computer hardware maker’s stock worth $1,404,000 after purchasing an additional 721 shares during the period. Heritage Financial Services LLC grew its holdings in shares of NVIDIA by 11.5% during the 3rd quarter. Heritage Financial Services LLC now owns 1,420 shares of the computer hardware maker’s stock worth $618,000 after purchasing an additional 147 shares during the period. Finally, FengHe Fund Management Pte. Ltd. grew its holdings in shares of NVIDIA by 13.5% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 373,200 shares of the computer hardware maker’s stock worth $162,338,000 after purchasing an additional 44,300 shares during the period. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 10,400 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $481.60, for a total transaction of $5,008,640.00. Following the completion of the transaction, the director now owns 979,431 shares of the company’s stock, valued at $471,693,969.60. 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 on Monday, November 27th. The stock was sold at an average price of $483.18, for a total value of $4,831,800.00. Following the completion of the transaction, the director now owns 989,831 shares in the company, valued at approximately $478,266,542.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 10,400 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $481.60, for a total value of $5,008,640.00. Following the completion of the transaction, the director now owns 979,431 shares of the company’s stock, valued at approximately $471,693,969.60. The disclosure for this sale can be found here. Insiders sold 77,442 shares of company stock valued at $37,710,302 over the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. BMO Capital Markets upped their price target on NVIDIA from $600.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Wells Fargo & Company upped their price target on NVIDIA from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. Oppenheimer restated an “outperform” rating and issued a $650.00 price target on shares of NVIDIA in a report on Wednesday, November 22nd. Benchmark restated a “buy” rating and issued a $625.00 price target on shares of NVIDIA in a report on Wednesday, November 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $600.00 price target on shares of NVIDIA in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $593.26.

Get Our Latest Report on NVDA

NVIDIA Trading Up 0.9 %

NASDAQ:NVDA opened at $479.98 on Friday. NVIDIA Co. has a 1 year low of $140.34 and a 1 year high of $505.48. The stock has a market cap of $1.19 trillion, a price-to-earnings ratio of 63.32, a PEG ratio of 3.22 and a beta of 1.64. The business has a fifty day moving average of $474.56 and a 200-day moving average of $454.54. 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 (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (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 company had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 205.5% compared to the same quarter last year. Equities analysts predict that NVIDIA Co. will post 11.06 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were paid a $0.04 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 2.11%.

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.

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Addenda Capital Inc. decreased its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 31.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,573 shares of the computer hardware maker’s stock after selling 7,896 shares during the quarter. Addenda Capital Inc.’s holdings in NVIDIA were worth $7,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MPS Loria Financial Planners LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at about $500,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of NVIDIA by 12.1% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,145 shares of the computer hardware maker’s stock valued at $484,000 after acquiring an additional 124 shares in the last quarter. Insight Folios Inc bought a new position in shares of NVIDIA in the 2nd quarter valued at about $272,000. First Command Bank grew its holdings in shares of NVIDIA by 5.0% in the 2nd quarter. First Command Bank now owns 1,628 shares of the computer hardware maker’s stock valued at $689,000 after acquiring an additional 78 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. grew its holdings in shares of NVIDIA by 3.4% in the 2nd quarter. Asahi Life Asset Management CO. LTD. now owns 6,135 shares of the computer hardware maker’s stock valued at $2,595,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Stock Up 2.2 %

Shares of NVDA opened at $468.06 on Thursday. The firm has a 50 day simple moving average of $449.15 and a two-hundred day simple moving average of $389.96. The company has a market cap of $1.16 trillion, a P/E ratio of 113.06, a P/E/G ratio of 3.52 and a beta of 1.76. NVIDIA Co. has a one year low of $108.13 and a one year high of $502.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. The firm had revenue of $13.51 billion for the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The company’s revenue was up 101.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Research analysts forecast that NVIDIA Co. will post 9.54 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 3.86%.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 21,500 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the completion of the sale, the director now directly owns 1,030,786 shares in the company, valued at approximately $482,490,310.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NVDA. Mizuho raised their price objective on NVIDIA from $530.00 to $590.00 and gave the company a “buy” rating in a report on Thursday, August 24th. KeyCorp lifted their price target on NVIDIA from $670.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, October 3rd. Benchmark lifted their price target on NVIDIA from $475.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. HSBC lifted their price target on NVIDIA from $600.00 to $780.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Barclays lifted their price target on NVIDIA from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $561.45.

Get Our Latest Stock Report on NVIDIA

About NVIDIA

(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.

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Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).

Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.

Pacific Sage Partners LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,360 shares of the computer hardware maker’s stock after acquiring an additional 34 shares during the period. Pacific Sage Partners LLC’s holdings in NVIDIA were worth $575,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter worth $3,900,874,000. Moneta Group Investment Advisors LLC boosted its position in shares of NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares in the last quarter. GQG Partners LLC bought a new position in shares of NVIDIA during the first quarter worth $2,290,856,000. Price T Rowe Associates Inc. MD boosted its position in shares of NVIDIA by 9.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock worth $8,323,694,000 after purchasing an additional 5,043,685 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total value of $13,999,376.40. Following the completion of the sale, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,678,148,943.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total value of $13,999,376.40. Following the completion of the sale, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,678,148,943.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 4,980 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the completion of the sale, the chief financial officer now directly owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The disclosure for this sale can be found here. Insiders sold 145,232 shares of company stock valued at $67,606,089 in the last quarter. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 2.4 %

Shares of NVDA opened at $457.62 on Friday. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $502.66. The firm has a market cap of $1.13 trillion, a P/E ratio of 110.54, a price-to-earnings-growth ratio of 3.47 and a beta of 1.76. The firm’s 50-day simple moving average is $449.07 and its 200 day simple moving average is $385.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same quarter in the prior year, the business earned $0.32 EPS. NVIDIA’s quarterly revenue was up 101.5% on a year-over-year basis. On average, analysts forecast that NVIDIA Co. will post 9.54 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. Mizuho lifted their price target on shares of NVIDIA from $530.00 to $590.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Truist Financial boosted their price objective on shares of NVIDIA from $545.00 to $668.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Rosenblatt Securities reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, September 20th. Argus boosted their price objective on shares of NVIDIA from $450.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Westpark Capital raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $558.95.

Get Our Latest Report on NVIDIA

NVIDIA Company 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.

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Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).

Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.

M&R Capital Management Inc. lowered its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 18.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,105 shares of the computer hardware maker’s stock after selling 250 shares during the quarter. M&R Capital Management Inc.’s holdings in NVIDIA were worth $161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in NVIDIA by 1.2% in the third quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker’s stock valued at $24,732,878,000 after purchasing an additional 2,326,387 shares during the last quarter. State Street Corp lifted its position in NVIDIA by 0.9% in the third quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock valued at $11,987,416,000 after purchasing an additional 908,481 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in NVIDIA by 7.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker’s stock valued at $8,629,991,000 after purchasing an additional 3,813,087 shares during the last quarter. Legal & General Group Plc lifted its position in NVIDIA by 4.4% in the second quarter. Legal & General Group Plc now owns 18,243,948 shares of the computer hardware maker’s stock valued at $2,765,602,000 after purchasing an additional 764,184 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in NVIDIA by 3.3% in the second quarter. UBS Asset Management Americas Inc. now owns 14,612,261 shares of the computer hardware maker’s stock valued at $2,215,073,000 after purchasing an additional 467,060 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, Director John Dabiri sold 293 shares of the company’s stock in a transaction on Monday, December 19th. The stock was sold at an average price of $165.80, for a total transaction of $48,579.40. Following the transaction, the director now directly owns 2,417 shares of the company’s stock, valued at $400,738.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NVIDIA news, Director John Dabiri sold 293 shares of the stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $165.80, for a total value of $48,579.40. Following the transaction, the director now owns 2,417 shares of the company’s stock, valued at $400,738.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark L. Perry sold 20,000 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $236.37, for a total value of $4,727,400.00. Following the completion of the transaction, the director now directly owns 140,000 shares in the company, valued at approximately $33,091,800. The disclosure for this sale can be found here. Insiders have sold a total of 293,066 shares of company stock valued at $51,229,679 over the last ninety days. 4.04% of the stock is currently owned by corporate insiders.

NVIDIA Trading Up 0.7 %

Shares of NASDAQ:NVDA opened at $257.25 on Friday. The company has a market cap of $635.41 billion, a P/E ratio of 147.84, a PEG ratio of 4.53 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46. The stock’s fifty day moving average price is $210.84 and its 200-day moving average price is $167.00.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6.02 billion. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The company’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. Sell-side analysts expect that NVIDIA Co. will post 3.21 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 8th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date is Tuesday, March 7th. NVIDIA’s payout ratio is currently 9.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NVDA shares. StockNews.com started coverage on NVIDIA in a research note on Thursday. They set a “hold” rating on the stock. Raymond James reissued a “strong-buy” rating and set a $290.00 target price on shares of NVIDIA in a research note on Thursday, March 2nd. Cowen boosted their target price on NVIDIA from $200.00 to $220.00 in a research note on Monday, December 12th. Jefferies Financial Group boosted their target price on NVIDIA from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Finally, BMO Capital Markets boosted their target price on NVIDIA from $210.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $245.32.

NVIDIA Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.

See Also

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