Vontobel Holding Ltd. Has $467.67 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Vontobel Holding Ltd. cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,851,031 shares of the computer hardware maker's stock after selling 301,191 shares during the period. NVIDIA makes up about 1.5% of Vontobel Holding Ltd.'s investment portfolio, making the stock its 20th largest holding. Vontobel Holding Ltd.'s holdings in NVIDIA were worth $467,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Hummer Financial Advisory Services Inc bought a new stake in NVIDIA during the third quarter worth approximately $522,000. McKinley Carter Wealth Services Inc. raised its holdings in NVIDIA by 10.1% during the third quarter. McKinley Carter Wealth Services Inc. now owns 29,150 shares of the computer hardware maker's stock worth $3,540,000 after purchasing an additional 2,675 shares in the last quarter. Peoples Financial Services CORP. raised its holdings in NVIDIA by 14.3% during the third quarter. Peoples Financial Services CORP. now owns 800 shares of the computer hardware maker's stock worth $97,000 after purchasing an additional 100 shares in the last quarter. Verum Partners LLC raised its holdings in NVIDIA by 8.9% during the third quarter. Verum Partners LLC now owns 12,772 shares of the computer hardware maker's stock worth $1,551,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Sunpointe LLC raised its holdings in NVIDIA by 4.5% during the third quarter. Sunpointe LLC now owns 47,888 shares of the computer hardware maker's stock worth $5,816,000 after purchasing an additional 2,062 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA opened at $145.89 on Thursday. The company has a fifty day moving average price of $133.00 and a two-hundred day moving average price of $121.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. NVIDIA Co. has a 52 week low of $45.01 and a 52 week high of $149.77. The firm has a market capitalization of $3.58 trillion, a PE ratio of 68.43, a P/E/G ratio of 1.54 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The business's quarterly revenue was up 93.6% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Co. will post 2.68 earnings per share for the current year.

NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is 1.88%.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the transaction, the chief executive officer now directly owns 76,494,995 shares of the company's stock, valued at $9,105,199,254.85. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the sale, the director now directly owns 5,852,480 shares in the company, valued at $698,025,289.60. This represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,156,270 shares of company stock valued at $254,784,327 over the last three months. 4.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Redburn Atlantic began coverage on NVIDIA in a report on Tuesday, November 12th. They set a "buy" rating and a $178.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday. Susquehanna increased their target price on shares of NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Loop Capital reissued a "buy" rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday. Finally, The Goldman Sachs Group increased their target price on shares of NVIDIA from $135.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.63.

NVIDIA 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.