NVIDIA Corporation $NVDA is Nilsine Partners LLC’s 3rd Largest Position

Nilsine Partners LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,990 shares of the computer hardware maker’s stock after buying an additional 5,043 shares during the period. NVIDIA comprises about 2.6% of Nilsine Partners LLC’s investment portfolio, making the stock its 3rd largest position. Nilsine Partners LLC’s holdings in NVIDIA were worth $28,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the second quarter valued at about $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC increased its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the 2nd quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in NVIDIA by 169.3% during 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 last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In related news, EVP Debora Shoquist sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the sale, the executive vice president owned 1,574,443 shares of the company’s stock, valued at $290,720,899.95. The trade was a 4.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the sale, the director owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. This trade represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,679,474 shares of company stock valued at $487,070,117. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NVDA. Truist Financial raised their price target on shares of NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Stifel Nicolaus raised their target price on shares of NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a report on Monday. Wedbush increased their price target on NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $258.65.

NVIDIA Stock Down 3.8%

Shares of NVIDIA stock opened at $170.94 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The business’s fifty day moving average price is $186.00 and its two-hundred day moving average price is $174.63. The company has a market capitalization of $4.15 trillion, a P/E ratio of 42.42, a PEG ratio of 0.87 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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.