Chiron Investment Management LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,878 shares of the computer hardware maker's stock after buying an additional 2,561 shares during the period. NVIDIA accounts for about 4.8% of Chiron Investment Management LLC's holdings, making the stock its biggest holding. Chiron Investment Management LLC's holdings in NVIDIA were worth $13,586,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its position in NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock valued at $782,000 after acquiring an additional 5,695 shares during the last quarter. Financial Guidance Group Inc. lifted its stake in shares of NVIDIA by 900.0% in the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker's stock valued at $445,000 after purchasing an additional 3,240 shares during the period. Tobam boosted its position in shares of NVIDIA by 811.4% during the 2nd quarter. Tobam now owns 41,489 shares of the computer hardware maker's stock valued at $5,126,000 after purchasing an additional 36,937 shares in the last quarter. Great Diamond Partners LLC increased its holdings in NVIDIA by 859.1% in the second quarter. Great Diamond Partners LLC now owns 54,995 shares of the computer hardware maker's stock worth $6,794,000 after purchasing an additional 49,261 shares in the last quarter. Finally, Rather & Kittrell Inc. increased its holdings in NVIDIA by 947.4% in the second quarter. Rather & Kittrell Inc. now owns 6,777 shares of the computer hardware maker's stock worth $837,000 after purchasing an additional 6,130 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. Corporate insiders own 4.23% of the company's stock.
Analysts Set New Price Targets
NVDA has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Citigroup lifted their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Oppenheimer reiterated an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Piper Sandler raised their target price on NVIDIA from $140.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company upped their price target on NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $164.63.
Get Our Latest Stock Report on NVDA
NVIDIA Trading Up 2.3 %
NVIDIA stock opened at $140.83 on Wednesday. NVIDIA Co. has a fifty-two week low of $58.58 and a fifty-two week high of $153.13. The firm's fifty day moving average price is $138.84 and its 200-day moving average price is $129.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market cap of $3.45 trillion, a P/E ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were 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 was Thursday, December 5th. NVIDIA's payout ratio is 1.57%.
NVIDIA Company 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.
Recommended Stories
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
