NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Unigestion Holding SA

Unigestion Holding SA lifted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 928.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,400 shares of the computer hardware maker's stock after acquiring an additional 60,849 shares during the quarter. Unigestion Holding SA's holdings in NVIDIA were worth $8,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Rehmann Capital Advisory Group grew its position in NVIDIA by 4.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 119,564 shares of the computer hardware maker's stock valued at $14,537,000 after acquiring an additional 5,568 shares in the last quarter. Main Line Retirement Advisors LLC grew its holdings in shares of NVIDIA by 17.9% in the third quarter. Main Line Retirement Advisors LLC now owns 5,341 shares of the computer hardware maker's stock valued at $649,000 after purchasing an additional 810 shares in the last quarter. Hobbs Group Advisors LLC increased its stake in NVIDIA by 8.9% during the 3rd quarter. Hobbs Group Advisors LLC now owns 11,034 shares of the computer hardware maker's stock worth $1,340,000 after buying an additional 902 shares during the period. Fortem Financial Group LLC lifted its holdings in NVIDIA by 3.6% during the 3rd quarter. Fortem Financial Group LLC now owns 80,974 shares of the computer hardware maker's stock worth $9,833,000 after buying an additional 2,799 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new position in NVIDIA in the 3rd quarter valued at approximately $23,514,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 2.3 %

NVIDIA stock opened at $140.83 on Wednesday. The stock's 50 day moving average price is $138.84 and its 200 day moving average price is $129.11. NVIDIA Co. has a 1-year low of $58.58 and a 1-year high of $153.13. The company has a market cap of $3.45 trillion, a PE ratio of 55.42, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. On average, sell-side analysts predict that NVIDIA Co. will post 2.78 EPS 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 given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.57%.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company's stock, valued at $2,831,764. This trade represents a 3.47 % 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 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wedbush upped their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Stifel Nicolaus lifted their price objective on NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. DA Davidson raised their target price on shares of NVIDIA from $90.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. The Goldman Sachs Group boosted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company raised their price objective 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 investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.63.

NVIDIA Company Profile

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.