BSN CAPITAL PARTNERS Ltd Has $55.47 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

BSN CAPITAL PARTNERS Ltd lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 430,714 shares of the computer hardware maker’s stock after acquiring an additional 12,784 shares during the period. NVIDIA makes up 10.5% of BSN CAPITAL PARTNERS Ltd’s portfolio, making the stock its largest holding. BSN CAPITAL PARTNERS Ltd’s holdings in NVIDIA were worth $55,470,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Group Ltd. raised its holdings in NVIDIA by 5.0% in the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock valued at $680,000 after acquiring an additional 265 shares in the last quarter. Clarus Wealth Advisors raised its stake in shares of NVIDIA by 11.2% in the third quarter. Clarus Wealth Advisors now owns 14,296 shares of the computer hardware maker’s stock valued at $1,826,000 after purchasing an additional 1,443 shares in the last quarter. USA Financial Formulas lifted its position in NVIDIA by 63,602.5% in the third quarter. USA Financial Formulas now owns 25,481 shares of the computer hardware maker’s stock worth $3,094,000 after purchasing an additional 25,441 shares during the period. Sanibel Captiva Trust Company Inc. boosted its stake in NVIDIA by 6.9% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 252,911 shares of the computer hardware maker’s stock worth $30,714,000 after buying an additional 16,214 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in NVIDIA by 11.1% in the 3rd quarter. Wedmont Private Capital now owns 375,802 shares of the computer hardware maker’s stock valued at $47,997,000 after buying an additional 37,588 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $147.63 on Monday. NVIDIA Co. has a 52 week low of $45.01 and a 52 week high of $149.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. The stock has a market capitalization of $3.62 trillion, a price-to-earnings ratio of 69.31, a PEG ratio of 1.56 and a beta of 1.66. The firm has a fifty day moving average of $127.27 and a two-hundred day moving average of $118.19.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, equities research analysts predict that NVIDIA Co. will post 2.66 EPS for the current year.

NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s payout ratio is 1.88%.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the completion of the sale, the chief executive officer now directly owns 76,375,705 shares of the company’s stock, valued at approximately $8,459,373,085.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the completion of the sale, the chief executive officer now owns 76,375,705 shares in the company, valued at $8,459,373,085.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,156,270 shares of company stock worth $254,784,327. 4.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of NVIDIA from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Evercore ISI lifted their price objective on NVIDIA from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Wells Fargo & Company increased their target price on NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Westpark Capital boosted their price target on NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Bank of America increased their price objective on NVIDIA from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.07.

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.