NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Cardano Risk Management B.V.

Cardano Risk Management B.V. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,106,823 shares of the computer hardware maker’s stock after acquiring an additional 324,101 shares during the period. NVIDIA makes up about 15.3% of Cardano Risk Management B.V.’s portfolio, making the stock its 3rd largest holding. Cardano Risk Management B.V.’s holdings in NVIDIA were worth $863,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. RiverPark Advisors LLC grew its holdings in NVIDIA by 4.7% in the third quarter. RiverPark Advisors LLC now owns 27,270 shares of the computer hardware maker’s stock valued at $3,312,000 after purchasing an additional 1,236 shares during the period. Ceera Investments LLC grew its stake in NVIDIA by 26.1% in the 3rd quarter. Ceera Investments LLC now owns 3,860 shares of the computer hardware maker’s stock valued at $469,000 after acquiring an additional 800 shares during the period. WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in NVIDIA in the 3rd quarter valued at $15,605,000. Concord Asset Management LLC VA increased its holdings in NVIDIA by 21.8% in the 3rd quarter. Concord Asset Management LLC VA now owns 100,972 shares of the computer hardware maker’s stock worth $12,262,000 after acquiring an additional 18,048 shares in the last quarter. Finally, Tower Bridge Advisors raised its position in NVIDIA by 2.7% during the third quarter. Tower Bridge Advisors now owns 30,700 shares of the computer hardware maker’s stock worth $3,728,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 3.0 %

Shares of NASDAQ:NVDA opened at $138.31 on Friday. The firm’s 50-day moving average is $139.51 and its two-hundred day moving average is $128.16. 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 Co. has a 1 year low of $47.32 and a 1 year high of $152.89. The firm has a market capitalization of $3.39 trillion, a PE ratio of 54.43, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. Analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,226,886 shares of company stock worth $161,499,400 in the last quarter. 4.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVDA. Stifel Nicolaus lifted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Truist Financial increased their price objective on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research note on Monday, November 18th. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.15.

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.