Bailard Inc. Has $87.15 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Bailard Inc. increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 827.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 705,410 shares of the computer hardware maker’s stock after buying an additional 629,384 shares during the quarter. NVIDIA comprises approximately 2.4% of Bailard Inc.’s holdings, making the stock its 6th largest holding. Bailard Inc.’s holdings in NVIDIA were worth $87,146,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NVDA. Aveo Capital Partners LLC lifted its position in shares of NVIDIA by 30.5% during the fourth quarter. Aveo Capital Partners LLC now owns 2,351 shares of the computer hardware maker’s stock worth $1,164,000 after purchasing an additional 549 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in shares of NVIDIA by 60.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 14,514 shares of the computer hardware maker’s stock valued at $7,188,000 after buying an additional 5,496 shares during the period. Moran Wealth Management LLC grew its stake in NVIDIA by 937.4% in the fourth quarter. Moran Wealth Management LLC now owns 23,455 shares of the computer hardware maker’s stock valued at $11,615,000 after purchasing an additional 21,194 shares during the last quarter. Pacific Sun Financial Corp purchased a new position in NVIDIA in the fourth quarter valued at about $214,000. Finally, Nordwand Advisors LLC grew its stake in NVIDIA by 40.0% in the fourth quarter. Nordwand Advisors LLC now owns 140 shares of the computer hardware maker’s stock valued at $69,000 after purchasing an additional 40 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $135.87, for a total transaction of $16,304,400.00. Following the transaction, the chief executive officer now owns 80,814,995 shares of the company’s stock, valued at approximately $10,980,333,370.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $135.87, for a total transaction of $16,304,400.00. Following the transaction, the chief executive officer now owns 80,814,995 shares of the company’s stock, valued at approximately $10,980,333,370.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 100,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $126.99, for a total value of $12,699,000.00. Following the transaction, the chief financial officer now directly owns 5,288,862 shares in the company, valued at approximately $671,632,585.38. The disclosure for this sale can be found here. Insiders have sold a total of 3,845,633 shares of company stock valued at $465,330,122 in the last quarter. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $115.59 on Wednesday. NVIDIA Co. has a 52 week low of $39.23 and a 52 week high of $140.76. The business’s fifty day simple moving average is $116.88 and its 200-day simple moving average is $106.63. The firm has a market cap of $2.84 trillion, a PE ratio of 67.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.67. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The company’s quarterly revenue was up 122.4% on a year-over-year basis. Equities analysts forecast that NVIDIA Co. will post 2.64 earnings per share for the current year.

NVIDIA declared that its board has initiated a stock buyback program on Wednesday, August 28th that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

NVIDIA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. UBS Group lifted their target price on NVIDIA from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Bank of America reaffirmed a “buy” rating and set a $165.00 target price on shares of NVIDIA in a report on Thursday, September 5th. Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a report on Monday, August 26th. TD Cowen raised NVIDIA to a “strong-buy” rating in a report on Monday. Finally, StockNews.com cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.10.

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.