NVIDIA Co. (NASDAQ:NVDA) is NCM Capital Management LLC’s Largest Position

NCM Capital Management LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,325 shares of the computer hardware maker’s stock after acquiring an additional 1,553 shares during the period. NVIDIA makes up approximately 8.2% of NCM Capital Management LLC’s holdings, making the stock its biggest holding. NCM Capital Management LLC’s holdings in NVIDIA were worth $17,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acropolis Investment Management LLC raised its stake in NVIDIA by 11.2% during the third quarter. Acropolis Investment Management LLC now owns 53,141 shares of the computer hardware maker’s stock valued at $6,453,000 after purchasing an additional 5,346 shares in the last quarter. L.M. Kohn & Company lifted 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 acquiring an additional 3,950 shares during the last quarter. Kolinsky Wealth Management LLC increased its stake in NVIDIA by 2.7% during the third quarter. Kolinsky Wealth Management LLC now owns 33,122 shares of the computer hardware maker’s stock worth $4,022,000 after acquiring an additional 875 shares during the last quarter. Harvard Management Co. Inc. raised its position in NVIDIA by 37.9% during the third quarter. Harvard Management Co. Inc. now owns 947,831 shares of the computer hardware maker’s stock valued at $115,105,000 after purchasing an additional 260,381 shares during the period. Finally, Point72 Europe London LLP lifted its stake in shares of NVIDIA by 71.1% in 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. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NVDA shares. Bank of America restated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Truist Financial raised their target price on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Stifel Nicolaus increased their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC upped their target price on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Mizuho raised their price target on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.27.

NVIDIA Stock Performance

Shares of NVDA stock opened at $131.76 on Wednesday. The business has a fifty day moving average of $139.68 and a 200 day moving average of $128.82. NVIDIA Co. has a 1 year low of $54.74 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. The firm has a market capitalization of $3.23 trillion, a price-to-earnings ratio of 51.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date 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 currently 1.57%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % 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 over the last three months. Company insiders own 4.23% of the company’s stock.

About NVIDIA

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.