Polymer Capital Management HK LTD Sells 58,195 Shares of NVIDIA Co. (NASDAQ:NVDA)

Polymer Capital Management HK LTD lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 40.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,318 shares of the computer hardware maker’s stock after selling 58,195 shares during the period. NVIDIA makes up 2.4% of Polymer Capital Management HK LTD’s portfolio, making the stock its 8th biggest position. Polymer Capital Management HK LTD’s holdings in NVIDIA were worth $10,361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ironwood Wealth Management LLC. boosted its stake in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. lifted its holdings in shares of NVIDIA by 900.0% during the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after acquiring an additional 3,240 shares during the period. Cohen Investment Advisors LLC grew its holdings in shares of NVIDIA by 42.4% in the 2nd quarter. Cohen Investment Advisors LLC now owns 480 shares of the computer hardware maker’s stock worth $59,000 after purchasing an additional 143 shares during the last quarter. Callan Family Office LLC grew its holdings in shares of NVIDIA by 4,836.7% in the 2nd quarter. Callan Family Office LLC now owns 18,710 shares of the computer hardware maker’s stock worth $2,311,000 after purchasing an additional 18,331 shares during the last quarter. Finally, Liontrust Investment Partners LLP increased its position in shares of NVIDIA by 714.3% during the 2nd quarter. Liontrust Investment Partners LLP now owns 962,430 shares of the computer hardware maker’s stock worth $118,899,000 after purchasing an additional 844,246 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $133.57 on Friday. The company has a market capitalization of $3.27 trillion, a P/E ratio of 52.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. NVIDIA Co. has a 52 week low of $54.74 and a 52 week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company’s 50 day moving average price is $139.49 and its two-hundred day moving average price is $128.87.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 114.83% and a net margin of 55.69%. The company’s revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced 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 was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVDA shares. Barclays upped their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. DA Davidson increased their price target on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. HSBC dropped their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday. Melius Research boosted their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Robert W. Baird raised their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.27.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The shares were 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 $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last quarter. 4.23% of the stock is currently owned by insiders.

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.