Ecofi Investissements SA Purchases Shares of 1,000 NVIDIA Co. (NASDAQ:NVDA)

Ecofi Investissements SA acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,000 shares of the computer hardware maker’s stock, valued at approximately $119,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Diversified Investment Strategies LLC bought a new stake in NVIDIA during the 1st quarter worth approximately $357,000. Privium Fund Management UK Ltd acquired a new position in NVIDIA in the first quarter worth $2,635,000. Astoria Portfolio Advisors LLC. grew its holdings in shares of NVIDIA by 3.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 9,132 shares of the computer hardware maker’s stock worth $7,853,000 after purchasing an additional 264 shares during the last quarter. OneAscent Wealth Management LLC increased its stake in shares of NVIDIA by 49.2% in the first quarter. OneAscent Wealth Management LLC now owns 785 shares of the computer hardware maker’s stock valued at $709,000 after buying an additional 259 shares in the last quarter. Finally, OneAscent Financial Services LLC raised its holdings in shares of NVIDIA by 6.5% in the first quarter. OneAscent Financial Services LLC now owns 5,920 shares of the computer hardware maker’s stock valued at $5,349,000 after buying an additional 359 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the completion of the transaction, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at $7,694,851,450.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the transaction, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at approximately $7,694,851,450.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,516,270 shares of company stock valued at $291,803,127. 4.23% of the stock is owned by insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $132.76 on Friday. 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 $39.23 and a 52 week high of $144.42. The company’s 50 day moving average price is $125.13 and its two-hundred day moving average price is $115.47. The company has a market capitalization of $3.26 trillion, a P/E ratio of 62.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.67.

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

NVIDIA declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is presently 1.88%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NVDA. TD Cowen raised shares of NVIDIA to a “strong-buy” rating in a report on Monday, September 16th. HSBC increased their price target on shares of NVIDIA from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Piper Sandler restated an “overweight” rating and issued a $140.00 price objective on shares of NVIDIA in a research report on Thursday, August 29th. Evercore ISI increased their price objective on NVIDIA from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Westpark Capital lifted their target price on NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.07.

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.