Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Sells 39,000 Shares of NVIDIA Corporation $NVDA

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 37.0% during the second quarter, Holdings Channel reports. The firm owned 66,500 shares of the computer hardware maker’s stock after selling 39,000 shares during the quarter. NVIDIA makes up approximately 1.6% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s portfolio, making the stock its 19th biggest position. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s holdings in NVIDIA were worth $10,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Harbor Asset Planning Inc. purchased a new stake in NVIDIA in the second quarter worth about $28,000. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the second quarter valued at approximately $40,000. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares during the period. Legend Financial Advisors Inc. bought a new position in NVIDIA in the second quarter worth $55,000. Finally, Campbell Capital Management Inc. lifted its position in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,949,931 shares of company stock worth $531,605,955. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 0.5%

NVIDIA stock opened at $182.41 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The stock has a fifty day moving average of $187.13 and a 200 day moving average of $172.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The stock has a market cap of $4.43 trillion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 62.5% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio is currently 0.99%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVDA. Melius Research increased their price target on shares of NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. boosted their target price on NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Arete Research increased their price objective on shares of NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Bank of America lifted their target price on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, S&P Equity Research reaffirmed a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus target price of $258.65.

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.