NVIDIA Co. (NASDAQ:NVDA) Position Raised by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,748 shares of the computer hardware maker’s stock after buying an additional 22,039 shares during the quarter. NVIDIA accounts for approximately 3.8% of Iron Gate Global Advisors LLC’s holdings, making the stock its 9th biggest position. Iron Gate Global Advisors LLC’s holdings in NVIDIA were worth $24,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. Itau Unibanco Holding S.A. grew its stake in shares of NVIDIA by 162.8% in the third quarter. Itau Unibanco Holding S.A. now owns 367,368 shares of the computer hardware maker’s stock worth $44,613,000 after acquiring an additional 227,571 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in NVIDIA by 1.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 11,336,455 shares of the computer hardware maker’s stock worth $1,376,699,000 after purchasing an additional 209,284 shares during the last quarter. Harmony Asset Management LLC grew its position in NVIDIA by 2.7% in the 3rd quarter. Harmony Asset Management LLC now owns 114,551 shares of the computer hardware maker’s stock worth $13,911,000 after purchasing an additional 3,007 shares during the period. Harris Associates L P purchased a new stake in NVIDIA during the 3rd quarter valued at $486,000. Finally, Harvest Management LLC bought a new position in shares of NVIDIA during the 3rd quarter valued at $486,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 2.0 %

NVDA opened at $133.57 on Friday. The firm has a market cap of $3.27 trillion, a P/E ratio of 52.57, a P/E/G ratio of 2.45 and a beta of 1.64. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $139.49 and a 200 day moving average of $128.87. NVIDIA Co. has a 12 month low of $54.74 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for 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%. The business’s revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. As a group, research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a $0.01 dividend. 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 currently 1.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NVDA shares. Citigroup upped their price objective on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group increased their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a report on Wednesday, January 8th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Finally, Morgan Stanley lifted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.27.

Insider Buying and Selling at NVIDIA

In related news, 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 transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % 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 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 sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. 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 90 days. Company insiders own 4.23% of the company’s stock.

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.