Creekside Partners Has $1.94 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Creekside Partners lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 0.5% in the third quarter, HoldingsChannel.com reports. The fund owned 15,970 shares of the computer hardware maker’s stock after selling 77 shares during the quarter. NVIDIA comprises 1.0% of Creekside Partners’ portfolio, making the stock its 26th biggest position. Creekside Partners’ holdings in NVIDIA were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in NVIDIA by 5.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,297,588 shares of the computer hardware maker’s stock worth $2,343,500,000 after buying an additional 1,026,107 shares in the last quarter. Steele Capital Management Inc. raised its stake in shares of NVIDIA by 4.0% during the third quarter. Steele Capital Management Inc. now owns 115,437 shares of the computer hardware maker’s stock worth $14,020,000 after buying an additional 4,428 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NVIDIA by 2.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 165,700 shares of the computer hardware maker’s stock valued at $20,123,000 after acquiring an additional 3,603 shares during the last quarter. Stonebridge Financial Planning Group LLC grew its stake in shares of NVIDIA by 3.0% during the third quarter. Stonebridge Financial Planning Group LLC now owns 27,241 shares of the computer hardware maker’s stock worth $3,308,000 after purchasing an additional 781 shares during the period. Finally, Altman Advisors Inc. increased its holdings in NVIDIA by 0.5% in the third quarter. Altman Advisors Inc. now owns 51,432 shares of the computer hardware maker’s stock valued at $6,246,000 after purchasing an additional 274 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 1,226,886 shares of company stock worth $161,499,400. 4.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Raymond James increased their target price on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Benchmark increased their price objective on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA Stock Up 3.4 %

Shares of NASDAQ NVDA opened at $149.43 on Tuesday. NVIDIA Co. has a 12 month low of $49.48 and a 12 month high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.66 trillion, a price-to-earnings ratio of 58.81, a PEG ratio of 2.43 and a beta of 1.64. The stock has a 50-day moving average price of $139.75 and a two-hundred day moving average price of $128.28.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. 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 1.57%.

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.