NVIDIA Co. (NASDAQ:NVDA) Holdings Raised by Stansberry Asset Management LLC

Stansberry Asset Management LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 8.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,022 shares of the computer hardware maker’s stock after buying an additional 5,085 shares during the period. Stansberry Asset Management LLC’s holdings in NVIDIA were worth $7,775,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stevens Capital Management LP acquired a new stake in shares of NVIDIA in the 3rd quarter worth approximately $33,551,000. Stifel Financial Corp raised its holdings in NVIDIA by 1.1% during the third quarter. Stifel Financial Corp now owns 18,509,567 shares of the computer hardware maker’s stock worth $2,247,816,000 after purchasing an additional 205,159 shares in the last quarter. Swmg LLC acquired a new stake in NVIDIA in the third quarter worth approximately $239,000. SYM FINANCIAL Corp boosted its stake in NVIDIA by 12.0% during the 3rd quarter. SYM FINANCIAL Corp now owns 25,207 shares of the computer hardware maker’s stock valued at $3,061,000 after purchasing an additional 2,698 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of NVIDIA during the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, 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. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last three months. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 3.1 %

Shares of NASDAQ NVDA opened at $137.71 on Friday. The business has a 50 day simple moving average of $139.18 and a 200 day simple moving average of $128.90. NVIDIA Co. has a 52 week low of $56.11 and a 52 week high of $153.13. The stock has a market cap of $3.37 trillion, a price-to-earnings ratio of 54.20, a PEG ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. On average, research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a dividend of $0.01 per share. 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 recently weighed in on NVDA shares. Phillip Securities restated an “accumulate” rating and issued a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Stifel Nicolaus upped their price target on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Melius Research increased their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Tuesday, January 7th. Four research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

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.