Natixis Advisors LLC Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Natixis Advisors LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,305,809 shares of the computer hardware maker’s stock after buying an additional 135,847 shares during the period. NVIDIA comprises about 3.6% of Natixis Advisors LLC’s holdings, making the stock its 2nd biggest position. Natixis Advisors LLC owned about 0.06% of NVIDIA worth $1,858,738,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NVDA. TSA Wealth Managment LLC increased its position in NVIDIA by 34.3% in the third quarter. TSA Wealth Managment LLC now owns 6,409 shares of the computer hardware maker’s stock worth $778,000 after buying an additional 1,638 shares during the last quarter. Meridian Investment Counsel Inc. increased its holdings in NVIDIA by 0.9% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 17,615 shares of the computer hardware maker’s stock worth $2,139,000 after acquiring an additional 160 shares during the last quarter. Seelaus Asset Management LLC lifted its holdings in NVIDIA by 4.1% during the third quarter. Seelaus Asset Management LLC now owns 9,985 shares of the computer hardware maker’s stock valued at $1,213,000 after purchasing an additional 395 shares during the last quarter. Spectrum Investment Advisors Inc. boosted its position in NVIDIA by 9.8% during the third quarter. Spectrum Investment Advisors Inc. now owns 3,515 shares of the computer hardware maker’s stock worth $427,000 after purchasing an additional 315 shares during the period. Finally, Valley Wealth Managers Inc. increased its stake in shares of NVIDIA by 34.3% in the third quarter. Valley Wealth Managers Inc. now owns 25,477 shares of the computer hardware maker’s stock worth $3,094,000 after purchasing an additional 6,510 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $134.29 on Thursday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $47.32 and a 12-month high of $152.89. The stock has a market capitalization of $3.29 trillion, a PE ratio of 52.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. The stock’s 50 day simple moving average is $139.55 and its 200 day simple moving average is $128.09.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. TD Cowen upped their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Phillip Securities reaffirmed an “accumulate” rating and issued a $160.00 price target (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Finally, Evercore ISI upped their price target on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.15.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred 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 $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 155,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the sale, the director now owns 8,100,117 shares in the company, valued at $1,071,402,475.59. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,226,886 shares of company stock valued at $161,499,400. Insiders own 4.23% of the company’s stock.

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.