Bridgewater Advisors Inc. boosted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,584 shares of the computer hardware maker's stock after acquiring an additional 4,601 shares during the period. NVIDIA accounts for about 1.6% of Bridgewater Advisors Inc.'s holdings, making the stock its 17th biggest position. Bridgewater Advisors Inc.'s holdings in NVIDIA were worth $14,887,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. University of Texas Texas AM Investment Management Co. raised its holdings in NVIDIA by 897.5% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 119,110 shares of the computer hardware maker's stock worth $14,715,000 after purchasing an additional 107,169 shares in the last quarter. Truepoint Inc. raised its stake in shares of NVIDIA by 914.1% during the 2nd quarter. Truepoint Inc. now owns 12,990 shares of the computer hardware maker's stock worth $1,605,000 after buying an additional 11,709 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in shares of NVIDIA by 683.9% in the second quarter. Westwood Holdings Group Inc. now owns 238,829 shares of the computer hardware maker's stock valued at $29,505,000 after acquiring an additional 208,362 shares in the last quarter. Blue Square Asset Management LLC raised its stake in NVIDIA by 26.7% in the 3rd quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock valued at $5,840,000 after purchasing an additional 10,136 shares during the last quarter. Finally, Narwhal Capital Management boosted its position in NVIDIA by 5.1% during the third quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker's stock worth $66,267,000 after acquiring an additional 26,373 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NVIDIA
In related news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,556,986 shares of company stock worth $201,687,727 over the last 90 days. Insiders own 4.23% of the company's stock.
NVIDIA Stock Up 3.1 %
Shares of NVIDIA stock traded up $4.02 during trading on Friday, reaching $134.70. The company had a trading volume of 304,377,688 shares, compared to its average volume of 382,932,125. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a fifty-two week low of $47.32 and a fifty-two week high of $152.89. The firm's fifty day moving average is $139.63 and its 200-day moving average is $127.32. The company has a market cap of $3.30 trillion, a price-to-earnings ratio of 53.01, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current year.
NVIDIA declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 28th that allows the company to repurchase $50.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Thursday, December 5th. NVIDIA's dividend payout ratio is presently 1.57%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on NVDA shares. HSBC boosted their price target on NVIDIA from $145.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a report on Monday, November 18th. Oppenheimer restated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Truist Financial upped their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $164.15.
View Our Latest Stock Report on NVDA
NVIDIA Profile
(
Free Report)
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.
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