NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lifted by Summit Rock Advisors LP

Summit Rock Advisors LP grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 277,257 shares of the computer hardware maker's stock after buying an additional 47,897 shares during the period. NVIDIA makes up 13.2% of Summit Rock Advisors LP's investment portfolio, making the stock its 4th largest holding. Summit Rock Advisors LP's holdings in NVIDIA were worth $33,670,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of NVIDIA by 897.5% in the 2nd 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. lifted its stake in shares of NVIDIA by 914.1% in the second quarter. Truepoint Inc. now owns 12,990 shares of the computer hardware maker's stock valued at $1,605,000 after buying an additional 11,709 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of NVIDIA by 683.9% during 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 buying an additional 208,362 shares during the last quarter. Blue Square Asset Management LLC increased its position in shares of NVIDIA by 26.7% during the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock worth $5,840,000 after acquiring an additional 10,136 shares in the last quarter. Finally, Narwhal Capital Management lifted its position in NVIDIA by 5.1% in the 3rd quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker's stock valued at $66,267,000 after acquiring an additional 26,373 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on NVDA shares. Melius Research raised their target price on NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. Morgan Stanley lifted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Wedbush increased their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Robert W. Baird boosted their price target on shares of NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, Sanford C. Bernstein lifted their target price on shares of NVIDIA from $130.00 to $155.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.15.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the business's stock in a transaction that occurred on 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 owns 3,351,572 shares of the company's stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,556,986 shares of company stock valued at $201,687,727 over the last 90 days. 4.23% of the stock is owned by insiders.

NVIDIA Price Performance

NASDAQ NVDA traded up $4.02 during trading on Friday, reaching $134.70. The company's stock had a trading volume of 304,377,688 shares, compared to its average volume of 382,932,125. The stock has a market capitalization of $3.30 trillion, a PE ratio of 53.01, a P/E/G ratio of 2.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a fifty day moving average of $139.63 and a 200 day moving average of $127.32. NVIDIA Co. has a one year low of $47.32 and a one year high of $152.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same period in the prior year, the business earned $0.38 earnings per share. NVIDIA's revenue for the quarter was up 93.6% compared to the same quarter last year. Analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.57%.

NVIDIA announced that its board has authorized a share repurchase plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

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.