Acropolis Investment Management LLC Acquires 5,346 Shares of NVIDIA Co. (NASDAQ:NVDA)

Acropolis Investment Management LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 11.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,141 shares of the computer hardware maker’s stock after purchasing an additional 5,346 shares during the period. Acropolis Investment Management LLC’s holdings in NVIDIA were worth $6,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NVDA. L.M. Kohn & Company raised its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. L.M. Kohn & Company now owns 185,969 shares of the computer hardware maker’s stock valued at $22,584,000 after purchasing an additional 3,950 shares in the last quarter. Kolinsky Wealth Management LLC raised its stake in NVIDIA by 2.7% in the third quarter. Kolinsky Wealth Management LLC now owns 33,122 shares of the computer hardware maker’s stock valued at $4,022,000 after buying an additional 875 shares during the last quarter. Harvard Management Co. Inc. boosted its stake in NVIDIA by 37.9% in the 3rd quarter. Harvard Management Co. Inc. now owns 947,831 shares of the computer hardware maker’s stock worth $115,105,000 after purchasing an additional 260,381 shares in the last quarter. Point72 Europe London LLP grew its stake in NVIDIA by 71.1% during the 3rd quarter. Point72 Europe London LLP now owns 274,506 shares of the computer hardware maker’s stock valued at $33,336,000 after purchasing an additional 114,076 shares during the last quarter. Finally, JAT Capital Mgmt LP increased its stake in shares of NVIDIA by 206.8% in the third quarter. JAT Capital Mgmt LP now owns 287,717 shares of the computer hardware maker’s stock worth $34,940,000 after acquiring an additional 193,927 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on NVDA. Bank of America reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Mizuho raised their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. UBS Group boosted their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Wedbush raised their target price on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Barclays boosted their target price on NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Four 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 stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.27.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 1.1 %

NVDA stock opened at $131.76 on Wednesday. NVIDIA Co. has a twelve month low of $54.74 and a twelve 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. The business’s 50-day simple moving average is $139.68 and its 200 day simple moving average is $128.82. The company has a market cap of $3.23 trillion, a PE ratio of 51.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last issued 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. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, 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. Stockholders of record on Thursday, December 5th were issued 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 dividend payout ratio (DPR) 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.