Caxton Associates LP Purchases 48,259 Shares of NVIDIA Co. (NASDAQ:NVDA)

Caxton Associates LP raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 131.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,957 shares of the computer hardware maker’s stock after buying an additional 48,259 shares during the quarter. Caxton Associates LP’s holdings in NVIDIA were worth $10,496,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. NBW Capital LLC bought a new position in NVIDIA in the second quarter valued at approximately $284,000. Prairie Wealth Advisors Inc. lifted its position in shares of NVIDIA by 838.9% in the second quarter. Prairie Wealth Advisors Inc. now owns 157,721 shares of the computer hardware maker’s stock worth $19,485,000 after purchasing an additional 140,922 shares in the last quarter. Trinity Legacy Partners LLC lifted its position in shares of NVIDIA by 884.5% in the second quarter. Trinity Legacy Partners LLC now owns 95,786 shares of the computer hardware maker’s stock worth $11,833,000 after purchasing an additional 86,057 shares in the last quarter. Unisphere Establishment lifted its position in shares of NVIDIA by 10,695.9% in the second quarter. Unisphere Establishment now owns 1,322,500 shares of the computer hardware maker’s stock worth $163,382,000 after purchasing an additional 1,310,250 shares in the last quarter. Finally, Kingfisher Capital LLC lifted its position in shares of NVIDIA by 896.3% in the second quarter. Kingfisher Capital LLC now owns 152,945 shares of the computer hardware maker’s stock worth $18,895,000 after purchasing an additional 137,593 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $140.52 on Tuesday. The company has a market capitalization of $3.45 trillion, a PE ratio of 65.91, a P/E/G ratio of 1.50 and a beta of 1.67. The company has a 50 day simple moving average of $124.46 and a two-hundred day simple moving average of $114.81. 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 fifty-two week low of $39.23 and a fifty-two week high of $144.42.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $30.04 billion during the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The company’s revenue for the quarter was up 122.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Research analysts anticipate that NVIDIA Co. will post 2.65 earnings per share for the current year.

NVIDIA declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is 1.88%.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the sale, the insider now owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $113.04, for a total value of $13,564,800.00. Following the transaction, the chief executive officer now directly owns 77,334,995 shares in the company, valued at $8,741,947,834.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the transaction, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,636,270 shares of company stock valued at $305,367,927 in the last quarter. 4.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NVDA. HSBC boosted their price objective on shares of NVIDIA from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Craig Hallum boosted their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price objective on shares of NVIDIA from $115.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 29th. Finally, KeyCorp boosted their target price on shares of NVIDIA from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.07.

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.