NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. raised its position in NVIDIA Co. (NASDAQ:NVDA) by 900.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,440 shares of the computer hardware maker’s stock after purchasing an additional 6,696 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in NVIDIA were worth $919,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Concentric Wealth Management LLC purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $220,000. Chilton Investment Co. Inc. grew its holdings in NVIDIA by 53.3% during the 4th quarter. Chilton Investment Co. Inc. now owns 964 shares of the computer hardware maker’s stock valued at $477,000 after buying an additional 335 shares during the last quarter. Brevan Howard Capital Management LP increased its position in NVIDIA by 640.5% during the fourth quarter. Brevan Howard Capital Management LP now owns 22,185 shares of the computer hardware maker’s stock worth $10,986,000 after buying an additional 19,189 shares in the last quarter. Biltmore Family Office LLC raised its holdings in shares of NVIDIA by 3.1% in the fourth quarter. Biltmore Family Office LLC now owns 2,704 shares of the computer hardware maker’s stock worth $1,339,000 after acquiring an additional 82 shares during the last quarter. Finally, Barden Capital Management Inc. lifted its position in shares of NVIDIA by 11.7% in the fourth quarter. Barden Capital Management Inc. now owns 8,226 shares of the computer hardware maker’s stock valued at $4,074,000 after acquiring an additional 862 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $128.92, for a total value of $15,470,400.00. Following the completion of the sale, the chief executive officer now directly owns 78,894,995 shares in the company, valued at approximately $10,171,142,755.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total value of $15,326,250.00. Following the completion of the transaction, the director now directly owns 8,255,117 shares of the company’s stock, valued at approximately $1,012,159,895.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $128.92, for a total transaction of $15,470,400.00. Following the sale, the chief executive officer now owns 78,894,995 shares in the company, valued at approximately $10,171,142,755.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,201,270 shares of company stock valued at $371,285,277 in the last quarter. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NVDA. HSBC boosted their target price on shares of NVIDIA from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upped their price objective on shares of NVIDIA from $115.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Sanford C. Bernstein lifted their target price on shares of NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Craig Hallum boosted their price target on NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Evercore ISI lifted their price objective on NVIDIA from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.10.

NVIDIA Stock Performance

Shares of NVDA opened at $134.81 on Friday. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $140.76. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 78.84, a PEG ratio of 1.05 and a beta of 1.67. The business’s 50 day moving average is $117.48 and its two-hundred day moving average is $110.17.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The firm’s revenue was up 122.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

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

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders 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 was Thursday, September 12th. NVIDIA’s payout ratio is currently 2.34%.

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.