The Manufacturers Life Insurance Company boosted its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,362,857 shares of the computer hardware maker's stock after purchasing an additional 56,933 shares during the quarter. NVIDIA comprises 2.5% of The Manufacturers Life Insurance Company's holdings, making the stock its 4th largest holding. The Manufacturers Life Insurance Company owned 0.10% of NVIDIA worth $2,837,184,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Lantz Financial LLC raised its position in shares of NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker's stock worth $5,088,000 after purchasing an additional 36,774 shares during the period. Ironwood Wealth Management LLC. grew its holdings in shares of 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 buying an additional 5,695 shares during the last quarter. Charter Oak Capital Management LLC grew its holdings in shares of NVIDIA by 885.8% during the second quarter. Charter Oak Capital Management LLC now owns 8,882 shares of the computer hardware maker's stock valued at $1,097,000 after buying an additional 7,981 shares during the last quarter. CV Advisors LLC raised its holdings in shares of NVIDIA by 862.1% in the 2nd quarter. CV Advisors LLC now owns 101,808 shares of the computer hardware maker's stock worth $12,577,000 after acquiring an additional 91,226 shares during the last quarter. Finally, Premier Path Wealth Partners LLC lifted its position in NVIDIA by 925.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 139,739 shares of the computer hardware maker's stock valued at $17,263,000 after acquiring an additional 126,106 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on NVDA. Piper Sandler boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. HSBC upped their price target on NVIDIA from $145.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Susquehanna raised their price objective on NVIDIA from $160.00 to $180.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. DA Davidson upped their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Finally, William Blair initiated coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an "outperform" rating on the stock. Four 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.63.
Read Our Latest Research Report on NVIDIA
NVIDIA Price Performance
NASDAQ NVDA traded down $4.20 on Friday, hitting $135.91. The stock had a trading volume of 206,807,225 shares, compared to its average volume of 246,463,734. The firm has a 50-day moving average of $139.90 and a 200-day moving average of $128.70. 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 52-week low of $53.56 and a 52-week high of $153.13. The company has a market capitalization of $3.33 trillion, a price-to-earnings ratio of 53.49, a price-to-earnings-growth ratio of 2.43 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm's revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Equities analysts expect that NVIDIA Co. will post 2.78 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's dividend payout ratio (DPR) is 1.57%.
Insider Activity at NVIDIA
In related news, Director John Dabiri sold 716 shares of the company's stock in a transaction on Monday, November 25th. The shares were 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 directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was 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 accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company's stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last three months. 4.23% of the stock is owned by corporate insiders.
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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