NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Privium Fund Management B.V.

Privium Fund Management B.V. lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 28.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 73,000 shares of the computer hardware maker’s stock after buying an additional 16,000 shares during the period. NVIDIA accounts for approximately 2.2% of Privium Fund Management B.V.’s holdings, making the stock its 12th largest holding. Privium Fund Management B.V.’s holdings in NVIDIA were worth $8,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Lantz Financial LLC increased its stake in NVIDIA by 833.1% during the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after buying an additional 36,774 shares in the last quarter. James Hambro & Partners boosted its stake in shares of NVIDIA by 657.7% in the second quarter. James Hambro & Partners now owns 6,880 shares of the computer hardware maker’s stock worth $849,000 after acquiring an additional 5,972 shares during the last quarter. Border to Coast Pensions Partnership Ltd increased its position in shares of NVIDIA by 723.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 2,331,118 shares of the computer hardware maker’s stock worth $288,077,000 after purchasing an additional 2,047,881 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in NVIDIA by 714.4% in the 2nd quarter. SJS Investment Consulting Inc. now owns 49,980 shares of the computer hardware maker’s stock valued at $6,175,000 after purchasing an additional 43,843 shares during the last quarter. Finally, Consolidated Capital Management LLC lifted its holdings in NVIDIA by 972.3% in the 2nd quarter. Consolidated Capital Management LLC now owns 94,298 shares of the computer hardware maker’s stock valued at $11,650,000 after purchasing an additional 85,504 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,391,886 shares of company stock valued at $181,666,050. Insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 0.4 %

NASDAQ:NVDA opened at $140.22 on Thursday. NVIDIA Co. has a 12-month low of $47.32 and a 12-month high of $152.89. The firm has a market cap of $3.43 trillion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. 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 stock has a fifty day moving average price of $139.84 and a 200 day moving average price of $127.62.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter last year, the business posted $0.38 EPS. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA declared that its board has approved a share buyback plan 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 purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA Dividend Announcement

The company also recently declared 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. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. Wedbush increased their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Monday, November 18th. HSBC raised their target price on shares of NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Truist Financial increased their price target on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Evercore ISI boosted their price objective on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

About NVIDIA

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.