Dynamic Technology Lab Private Ltd Buys 11,991 Shares of NVIDIA Co. (NASDAQ:NVDA)

Dynamic Technology Lab Private Ltd boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 82.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,572 shares of the computer hardware maker’s stock after purchasing an additional 11,991 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NVIDIA were worth $3,227,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Prosperity Financial Group Inc. grew its position in shares of NVIDIA by 35.2% during the 3rd quarter. Prosperity Financial Group Inc. now owns 65,893 shares of the computer hardware maker’s stock valued at $8,002,000 after acquiring an additional 17,153 shares during the period. Douglass Winthrop Advisors LLC grew its position in shares of NVIDIA by 50.3% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 124,441 shares of the computer hardware maker’s stock valued at $15,112,000 after acquiring an additional 41,619 shares during the period. Fisher Asset Management LLC grew its position in shares of NVIDIA by 3.5% during the 3rd quarter. Fisher Asset Management LLC now owns 96,720,707 shares of the computer hardware maker’s stock valued at $11,745,763,000 after acquiring an additional 3,283,380 shares during the period. Daiwa Securities Group Inc. grew its position in shares of NVIDIA by 19.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,808,324 shares of the computer hardware maker’s stock valued at $705,363,000 after acquiring an additional 940,901 shares during the period. Finally, Hartford Funds Management Co LLC grew its position in shares of NVIDIA by 1.7% during the 3rd quarter. Hartford Funds Management Co LLC now owns 20,570 shares of the computer hardware maker’s stock valued at $2,498,000 after acquiring an additional 340 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $135.91 on Friday. The company has a market capitalization of $3.33 trillion, a price-to-earnings ratio of 53.49, a PEG ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a 12 month low of $53.56 and a 12 month high of $153.13. The firm’s 50-day moving average is $139.90 and its 200 day moving average is $128.66. 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 (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. Research analysts predict that NVIDIA Co. will post 2.78 EPS 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 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%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Wedbush boosted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Morgan Stanley lifted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. DA Davidson lifted their target price on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research note on Wednesday. Four research 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the company’s 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 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.