NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Waddell & Associates LLC

Waddell & Associates LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 23,827 shares of the computer hardware maker’s stock after acquiring an additional 374 shares during the quarter. NVIDIA comprises approximately 0.4% of Waddell & Associates LLC’s holdings, making the stock its 27th largest position. Waddell & Associates LLC’s holdings in NVIDIA were worth $2,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NVDA. Nicolet Advisory Services LLC raised its position in NVIDIA by 5.6% in the third quarter. Nicolet Advisory Services LLC now owns 88,378 shares of the computer hardware maker’s stock worth $10,857,000 after acquiring an additional 4,715 shares in the last quarter. GenTrust LLC grew its position in NVIDIA by 9.4% during the 3rd quarter. GenTrust LLC now owns 103,557 shares of the computer hardware maker’s stock worth $12,642,000 after purchasing an additional 8,885 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in NVIDIA by 14.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,071,000 shares of the computer hardware maker’s stock valued at $251,523,000 after purchasing an additional 264,000 shares during the period. Stonebrook Private Inc. lifted its holdings in shares of NVIDIA by 13.3% in the third quarter. Stonebrook Private Inc. now owns 53,062 shares of the computer hardware maker’s stock valued at $6,444,000 after purchasing an additional 6,233 shares in the last quarter. Finally, Nwam LLC acquired a new stake in NVIDIA during the 3rd quarter worth about $30,777,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 716 shares of the stock in a transaction dated 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. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last 90 days. Insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $140.11 on Thursday. The business’s 50-day simple moving average is $139.74 and its 200 day simple moving average is $128.46. The stock has a market cap of $3.43 trillion, a price-to-earnings ratio of 55.14, a P/E/G ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a 12-month low of $51.69 and a 12-month high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 earnings per share. As a group, research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on NVDA. Morgan Stanley upped their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Needham & Company LLC lifted their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird boosted their target price on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Benchmark reissued a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Tuesday. Finally, Piper Sandler boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.63.

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.