Quad Cities Investment Group LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,989 shares of the computer hardware maker’s stock after purchasing an additional 1,193 shares during the period. NVIDIA makes up approximately 1.4% of Quad Cities Investment Group LLC’s holdings, making the stock its 18th biggest position. Quad Cities Investment Group LLC’s holdings in NVIDIA were worth $2,792,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. grew its position in shares of NVIDIA by 52.2% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock valued at $34,597,000 after acquiring an additional 13,135 shares during the period. Empowered Funds LLC lifted its stake in NVIDIA by 23.0% in the 1st quarter. Empowered Funds LLC now owns 71,262 shares of the computer hardware maker’s stock worth $64,389,000 after purchasing an additional 13,315 shares in the last quarter. Allen Investment Management LLC raised its position in shares of NVIDIA by 20.2% during the 1st quarter. Allen Investment Management LLC now owns 65,718 shares of the computer hardware maker’s stock valued at $59,380,000 after buying an additional 11,047 shares in the last quarter. Monolith Management Ltd raised its position in shares of NVIDIA by 266.8% during the 1st quarter. Monolith Management Ltd now owns 70,250 shares of the computer hardware maker’s stock valued at $63,475,000 after buying an additional 51,100 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of NVIDIA by 155.3% during the 1st quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,700 shares of the computer hardware maker’s stock valued at $8,765,000 after purchasing an additional 5,900 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Trading Up 0.6 %
NASDAQ NVDA opened at $146.71 on Friday. The company has a market cap of $3.60 trillion, a price-to-earnings ratio of 68.81, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. 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 Co. has a twelve month low of $45.01 and a twelve month high of $152.89. The business’s fifty day moving average is $133.55 and its 200 day moving average is $121.72.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.88%.
NVIDIA declared that its Board of Directors has approved a stock repurchase plan 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 purchase up to 1.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Analyst Ratings Changes
A number of research firms have issued reports on NVDA. Craig Hallum boosted their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Westpark Capital upped their target price on shares of NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Susquehanna upped their target price on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. New Street Research upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, August 6th. Finally, Melius Research upped their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.82.
View Our Latest Stock Analysis on NVDA
Insider Buying and Selling at NVIDIA
In related news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the transaction, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the completion of the sale, the chief executive officer now owns 76,494,995 shares in the company, valued at approximately $9,105,199,254.85. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock valued at $254,784,327 in the last 90 days. 4.23% of the stock is currently owned by company insiders.
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.
Featured Stories
- Five stocks we like better than NVIDIA
- Business Services Stocks Investing
- Why Palo Alto Networks’ Multi-Year Uptrend Is Far From Over
- What is the Dow Jones Industrial Average (DJIA)?
- 3 Rock-Solid Buying Opportunities in the Market Right Now
- What is a SEC Filing?
- TJX Companies Stock Poised to Hit a New High This Year
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.