NVIDIA Co. (NASDAQ:NVDA) is NCP Inc.’s 2nd Largest Position

NCP Inc. grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,065 shares of the computer hardware maker’s stock after acquiring an additional 26,175 shares during the period. NVIDIA comprises 14.3% of NCP Inc.’s holdings, making the stock its 2nd biggest position. NCP Inc.’s holdings in NVIDIA were worth $25,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baldwin Investment Management LLC boosted its holdings in 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 purchasing an additional 6,379 shares during the last quarter. Carlson Capital Management lifted its holdings in shares of NVIDIA by 50.4% in the 3rd quarter. Carlson Capital Management now owns 8,708 shares of the computer hardware maker’s stock valued at $1,057,000 after buying an additional 2,917 shares during the period. Thematics Asset Management boosted its stake in shares of NVIDIA by 4.7% in the third quarter. Thematics Asset Management now owns 1,073,918 shares of the computer hardware maker’s stock worth $130,417,000 after buying an additional 48,158 shares during the last quarter. M.D. Sass LLC grew its holdings in NVIDIA by 54.5% during the third quarter. M.D. Sass LLC now owns 20,550 shares of the computer hardware maker’s stock worth $2,496,000 after acquiring an additional 7,250 shares during the period. Finally, All Terrain Financial Advisors LLC raised its position in NVIDIA by 1.0% during the third quarter. All Terrain Financial Advisors LLC now owns 28,830 shares of the computer hardware maker’s stock valued at $3,501,000 after acquiring an additional 290 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 in the last three months. 4.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Loop Capital reaffirmed a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Susquehanna lifted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Piper Sandler upped their price objective 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. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Finally, DA Davidson upped their price target on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $164.63.

NVIDIA Price Performance

Shares of NVDA opened at $135.91 on Monday. The firm has a 50-day simple moving average of $139.90 and a two-hundred day simple moving average of $128.70. The stock has a market cap of $3.33 trillion, a PE ratio of 53.49, a P/E/G ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a 1-year low of $53.56 and a 1-year high of $153.13. 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 earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. As a group, analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

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