1,471 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Walleye Capital LLC

Walleye Capital LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,471 shares of the computer hardware maker’s stock, valued at approximately $223,000.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Vanguard Group Inc. lifted its stake in NVIDIA by 1.2% during the first quarter. Vanguard Group Inc. now owns 198,462,079 shares of the computer hardware maker’s stock worth $54,152,363,000 after purchasing an additional 2,446,529 shares during the last quarter. Brown Advisory Inc. lifted its stake in NVIDIA by 94.4% during the first quarter. Brown Advisory Inc. now owns 4,557,600 shares of the computer hardware maker’s stock worth $1,244,858,000 after purchasing an additional 2,213,090 shares during the last quarter. Fisher Asset Management LLC lifted its stake in NVIDIA by 43.3% during the first quarter. Fisher Asset Management LLC now owns 7,328,372 shares of the computer hardware maker’s stock worth $1,999,620,000 after purchasing an additional 2,212,941 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in NVIDIA by 27,142.0% in the first quarter. Aaron Wealth Advisors LLC now owns 1,858,995 shares of the computer hardware maker’s stock valued at $6,813,000 after buying an additional 1,852,171 shares during the last quarter. Finally, Capital World Investors lifted its stake in NVIDIA by 38.3% in the first quarter. Capital World Investors now owns 6,279,817 shares of the computer hardware maker’s stock valued at $1,713,511,000 after buying an additional 1,739,037 shares during the last quarter. Hedge funds and other institutional investors own 62.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NVDA shares. Summit Insights upgraded NVIDIA from a “hold” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus boosted their price objective on NVIDIA from $165.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday. Craig Hallum reduced their price objective on NVIDIA from $180.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, August 25th. Barclays reduced their price objective on NVIDIA from $190.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, October 24th. Finally, Raymond James reduced their price objective on NVIDIA from $210.00 to $190.00 and set a “strong-buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.21.

NVIDIA Stock Down 1.7 %

Shares of NASDAQ:NVDA opened at $154.09 on Friday. The company has a quick ratio of 3.11, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $346.47. The stock’s fifty day simple moving average is $132.89 and its 200-day simple moving average is $156.74. The company has a market capitalization of $383.68 billion, a P/E ratio of 65.57, a P/E/G ratio of 5.32 and a beta of 1.70.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.13). NVIDIA had a net margin of 20.85% and a return on equity of 29.47%. The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. The firm’s revenue was down 16.5% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Co. will post 2.44 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. NVIDIA’s dividend payout ratio is currently 6.81%.

Insider Activity

In related news, Director Mark A. Stevens sold 85,000 shares of the stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $116.49, for a total transaction of $9,901,650.00. Following the transaction, the director now directly owns 2,397,693 shares in the company, valued at $279,307,257.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark A. Stevens sold 85,000 shares of the stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $116.49, for a total transaction of $9,901,650.00. Following the transaction, the director now directly owns 2,397,693 shares in the company, valued at $279,307,257.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 87,500 shares of the stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $119.65, for a total value of $10,469,375.00. Following the transaction, the director now owns 2,310,193 shares in the company, valued at $276,414,592.45. The disclosure for this sale can be found here. Company insiders own 4.04% of the company’s stock.

NVIDIA Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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