NVIDIA Co. (NASDAQ:NVDA) Shares Bought by NS Partners Ltd

NS Partners Ltd raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,526,593 shares of the computer hardware maker’s stock after acquiring an additional 5,129 shares during the quarter. NVIDIA makes up 7.8% of NS Partners Ltd’s portfolio, making the stock its 2nd biggest holding. NS Partners Ltd’s holdings in NVIDIA were worth $185,389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Kirtland Hills Capital Management LLC lifted its position in NVIDIA by 11.6% during the third quarter. Kirtland Hills Capital Management LLC now owns 29,484 shares of the computer hardware maker’s stock worth $3,581,000 after buying an additional 3,074 shares during the period. MWA Asset Management lifted its position in NVIDIA by 7.2% during the third quarter. MWA Asset Management now owns 37,136 shares of the computer hardware maker’s stock worth $4,510,000 after buying an additional 2,491 shares during the period. Strategy Asset Managers LLC lifted its position in NVIDIA by 1,255.1% during the third quarter. Strategy Asset Managers LLC now owns 51,902 shares of the computer hardware maker’s stock worth $6,303,000 after buying an additional 48,072 shares during the period. Segall Bryant & Hamill LLC purchased a new position in NVIDIA during the third quarter worth about $83,496,000. Finally, Prospera Private Wealth LLC raised its holdings in shares of NVIDIA by 24.9% in the 3rd quarter. Prospera Private Wealth LLC now owns 14,320 shares of the computer hardware maker’s stock worth $1,739,000 after purchasing an additional 2,857 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the company’s 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 transaction, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the transaction, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,226,886 shares of company stock worth $161,499,400 over the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $144.47 on Monday. NVIDIA Co. has a fifty-two week low of $47.51 and a fifty-two week high of $152.89. The business has a 50-day moving average of $139.57 and a two-hundred day moving average of $128.15. The stock has a market capitalization of $3.54 trillion, a P/E ratio of 56.86, a P/E/G ratio of 2.43 and a beta of 1.63. 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 (NASDAQ:NVDA) last posted its quarterly earnings data 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 return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period in the previous year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared 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 of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is 1.57%.

Analyst Ratings Changes

A number of research firms have recently commented on NVDA. Raymond James raised their price objective on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Evercore ISI raised their price objective on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Truist Financial raised 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. Wedbush increased their target price on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Bank of America reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.