NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Increased by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 92.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,108 shares of the computer hardware maker’s stock after purchasing an additional 35,102 shares during the quarter. NVIDIA accounts for approximately 0.6% of XTX Topco Ltd’s investment portfolio, making the stock its 4th largest position. XTX Topco Ltd’s holdings in NVIDIA were worth $8,878,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ironwood Wealth Management LLC. lifted its stake in shares of 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 purchasing an additional 5,695 shares during the last quarter. Financial Guidance Group Inc. raised its holdings in NVIDIA by 900.0% during the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after buying an additional 3,240 shares during the period. Jessup Wealth Management Inc boosted its stake in NVIDIA by 836.4% during the second quarter. Jessup Wealth Management Inc now owns 105,377 shares of the computer hardware maker’s stock worth $13,018,000 after buying an additional 94,124 shares during the period. Breakwater Capital Group boosted its stake in NVIDIA by 858.0% during the second quarter. Breakwater Capital Group now owns 32,658 shares of the computer hardware maker’s stock worth $4,035,000 after buying an additional 29,249 shares during the period. Finally, Crosspoint Financial LLC purchased a new stake in shares of NVIDIA in the second quarter valued at $463,000. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Stifel Nicolaus boosted their target price on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. TD Cowen increased their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Bank of America restated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Finally, Phillip Securities reiterated an “accumulate” rating and issued a $160.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.63.

NVIDIA Stock Up 3.1 %

NVIDIA stock opened at $137.71 on Friday. The business has a fifty day moving average price of $138.99 and a 200-day moving average price of $129.00. NVIDIA Co. has a 1-year low of $56.11 and a 1-year high of $153.13. The stock has a market capitalization 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 current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $0.38 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated 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 sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. Company insiders own 4.23% of the company’s stock.

About NVIDIA

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.