4,000 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by Harvest Management LLC

Harvest Management LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,000 shares of the computer hardware maker’s stock, valued at approximately $486,000.

Other large investors have also added to or reduced their stakes in the company. Hollow Brook Wealth Management LLC acquired a new stake in NVIDIA during the 3rd quarter valued at approximately $293,000. Holocene Advisors LP lifted its position in NVIDIA by 198.0% during the third quarter. Holocene Advisors LP now owns 769,335 shares of the computer hardware maker’s stock valued at $93,428,000 after purchasing an additional 511,162 shares during the period. Cheviot Value Management LLC lifted its position in NVIDIA by 10.5% during the third quarter. Cheviot Value Management LLC now owns 12,640 shares of the computer hardware maker’s stock valued at $1,535,000 after purchasing an additional 1,200 shares during the period. Cinctive Capital Management LP boosted its holdings in NVIDIA by 128.3% in the third quarter. Cinctive Capital Management LP now owns 28,257 shares of the computer hardware maker’s stock valued at $3,432,000 after purchasing an additional 128,257 shares during the last quarter. Finally, Cladis Investment Advisory LLC grew its position in NVIDIA by 1.0% during the 3rd quarter. Cladis Investment Advisory LLC now owns 46,360 shares of the computer hardware maker’s stock worth $5,630,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NVDA shares. Wedbush upped 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. Truist Financial upped their price objective on NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Citigroup boosted their target price on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $155.00 to $170.00 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.27.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. 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. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 2.0 %

Shares of NASDAQ:NVDA opened at $133.57 on Friday. NVIDIA Co. has a 52-week low of $54.74 and a 52-week 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 has a fifty day moving average of $139.49 and a two-hundred day moving average of $128.87. The stock has a market cap of $3.27 trillion, a P/E ratio of 52.57, a PEG ratio of 2.45 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share. On average, research analysts expect 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 given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is presently 1.57%.

NVIDIA 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.