Blueshift Asset Management LLC Purchases 3,186 Shares of NVIDIA Co. (NASDAQ:NVDA)

Blueshift Asset Management LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 32.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,901 shares of the computer hardware maker’s stock after purchasing an additional 3,186 shares during the period. Blueshift Asset Management LLC’s holdings in NVIDIA were worth $1,567,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NVDA. WorthPointe LLC raised its position in shares of NVIDIA by 24.7% during the third quarter. WorthPointe LLC now owns 6,700 shares of the computer hardware maker’s stock worth $814,000 after purchasing an additional 1,327 shares during the period. Glenmede Trust Co. NA raised its holdings in NVIDIA by 7.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,325,358 shares of the computer hardware maker’s stock worth $160,951,000 after buying an additional 94,091 shares during the period. Capital Counsel LLC NY raised its holdings in NVIDIA by 10.6% during the 3rd quarter. Capital Counsel LLC NY now owns 3,085 shares of the computer hardware maker’s stock worth $375,000 after buying an additional 295 shares during the period. NCP Inc. lifted its stake in NVIDIA by 14.6% in the third quarter. NCP Inc. now owns 206,065 shares of the computer hardware maker’s stock valued at $25,025,000 after buying an additional 26,175 shares in the last quarter. Finally, Baldwin Investment Management LLC boosted its holdings in shares of NVIDIA by 5.6% in the third quarter. Baldwin Investment Management LLC now owns 120,981 shares of the computer hardware maker’s stock valued at $14,692,000 after buying an additional 6,379 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVDA. Stifel Nicolaus boosted their price objective 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. TD Cowen boosted their price target on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Piper Sandler upped their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Oppenheimer reissued an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Bank of America reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research note 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 given a strong buy rating to the company. According to MarketBeat, the stock currently has an average 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 NVIDIA stock in a transaction on Monday, November 25th. The stock was 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 of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 3.0 %

Shares of NVDA stock opened at $135.91 on Monday. NVIDIA Co. has a 12-month low of $53.56 and a 12-month high of $153.13. The company has a market capitalization of $3.33 trillion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The firm has a 50 day moving average price of $139.90 and a two-hundred day moving average price of $128.70. 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 released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.