WINTON GROUP Ltd Purchases 143,931 Shares of NVIDIA Co. (NASDAQ:NVDA)

WINTON GROUP Ltd grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 53,705.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,199 shares of the computer hardware maker’s stock after purchasing an additional 143,931 shares during the quarter. NVIDIA makes up about 1.2% of WINTON GROUP Ltd’s investment portfolio, making the stock its 17th largest position. WINTON GROUP Ltd’s holdings in NVIDIA were worth $17,814,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. ICA Group Wealth Management LLC increased its position in shares of NVIDIA by 164.4% during the 2nd quarter. ICA Group Wealth Management LLC now owns 23,495 shares of the computer hardware maker’s stock valued at $2,903,000 after purchasing an additional 14,608 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in NVIDIA by 972.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 208,690 shares of the computer hardware maker’s stock worth $25,782,000 after acquiring an additional 189,228 shares during the last quarter. MayTech Global Investments LLC grew its position in NVIDIA by 887.2% during the 2nd quarter. MayTech Global Investments LLC now owns 1,215,472 shares of the computer hardware maker’s stock worth $150,159,000 after acquiring an additional 1,092,355 shares during the last quarter. Retirement Planning Co of New England Inc. grew its position in NVIDIA by 886.3% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 57,521 shares of the computer hardware maker’s stock worth $7,106,000 after acquiring an additional 51,689 shares during the last quarter. Finally, Mystic Asset Management Inc. grew its position in NVIDIA by 866.5% during the 2nd quarter. Mystic Asset Management Inc. now owns 112,510 shares of the computer hardware maker’s stock worth $13,900,000 after acquiring an additional 100,869 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 0.8 %

NVDA stock opened at $138.00 on Friday. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.89. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.39 trillion, a PE ratio of 80.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67. The business has a 50 day moving average of $121.88 and a 200 day moving average of $112.19.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. On average, research analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has approved a stock buyback program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s payout ratio is 2.34%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the sale, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total value of $15,326,250.00. Following the completion of the sale, the director now owns 8,255,117 shares of the company’s stock, valued at $1,012,159,895.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the sale, the director now directly owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,996,270 shares of company stock valued at $347,729,127. Corporate insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Citigroup raised their price target on NVIDIA from $126.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Needham & Company LLC raised their price target on NVIDIA from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and issued a $138.00 price objective on shares of NVIDIA in a report on Thursday, August 29th. Finally, The Goldman Sachs Group increased their price objective on NVIDIA from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Five investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.07.

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.