NS Partners Ltd Purchases 5,129 Shares of NVIDIA Co. (NASDAQ:NVDA)

NS Partners Ltd grew its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,526,593 shares of the computer hardware maker’s stock after purchasing an additional 5,129 shares during the quarter. NVIDIA comprises approximately 7.8% of NS Partners Ltd’s holdings, making the stock its 2nd largest holding. NS Partners Ltd’s holdings in NVIDIA were worth $185,389,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Kirtland Hills Capital Management LLC increased its position in shares of NVIDIA by 11.6% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 29,484 shares of the computer hardware maker’s stock valued at $3,581,000 after buying an additional 3,074 shares in the last quarter. MWA Asset Management increased its holdings in NVIDIA by 7.2% during the 3rd quarter. MWA Asset Management now owns 37,136 shares of the computer hardware maker’s stock worth $4,510,000 after purchasing an additional 2,491 shares in the last quarter. Strategy Asset Managers LLC boosted its stake in shares of NVIDIA by 1,255.1% during the 3rd quarter. Strategy Asset Managers LLC now owns 51,902 shares of the computer hardware maker’s stock worth $6,303,000 after buying an additional 48,072 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth about $83,496,000. Finally, Prospera Private Wealth LLC boosted its stake in shares of NVIDIA by 24.9% during the 3rd quarter. Prospera Private Wealth LLC now owns 14,320 shares of the computer hardware maker’s stock worth $1,739,000 after buying an additional 2,857 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $144.47 on Monday. The firm has a market cap of $3.54 trillion, a PE ratio of 56.86, a PEG ratio of 2.43 and a beta of 1.63. The stock’s fifty day moving average price is $139.57 and its two-hundred day moving average price is $128.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1 year low of $47.51 and a 1 year high of $152.89.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Insider Activity

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,226,886 shares of company stock worth $161,499,400. 4.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley increased their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Rosenblatt Securities restated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Monday, November 18th. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Truist Financial raised their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.15.

Read Our Latest Stock Analysis on NVDA

NVIDIA Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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