Symmetry Partners LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Symmetry Partners LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 211.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,876 shares of the computer hardware maker’s stock after purchasing an additional 18,923 shares during the quarter. Symmetry Partners LLC’s holdings in NVIDIA were worth $11,792,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in NVIDIA in the 4th quarter valued at $3,900,874,000. Moneta Group Investment Advisors LLC grew its holdings in NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after buying an additional 19,574,443 shares in the last quarter. GQG Partners LLC purchased a new stake in NVIDIA in the 1st quarter valued at $2,290,856,000. Price T Rowe Associates Inc. MD grew its holdings in NVIDIA by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock valued at $8,323,694,000 after buying an additional 5,043,685 shares in the last quarter. Finally, Morgan Stanley grew its holdings in NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after buying an additional 4,621,002 shares in the last quarter. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on NVDA shares. TD Cowen upped their price target on NVIDIA from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. Mizuho upped their price target on NVIDIA from $530.00 to $590.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. UBS Group increased their target price on NVIDIA from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. JPMorgan Chase & Co. increased their target price on NVIDIA from $500.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Finally, Tigress Financial increased their target price on NVIDIA from $320.00 to $560.00 in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $555.70.

Insider Activity

In other news, Director Mark A. Stevens sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total value of $17,282,400.00. Following the completion of the sale, the director now directly owns 1,052,286 shares of the company’s stock, valued at approximately $454,650,689.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John Dabiri sold 283 shares of NVIDIA stock in a transaction on Monday, June 26th. The stock was sold at an average price of $424.53, for a total transaction of $120,141.99. Following the completion of the transaction, the director now directly owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 40,000 shares of NVIDIA stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total value of $17,282,400.00. Following the transaction, the director now directly owns 1,052,286 shares of the company’s stock, valued at $454,650,689.16. The disclosure for this sale can be found here. Insiders sold 185,515 shares of company stock valued at $85,008,631 in the last three months. 3.99% of the stock is currently owned by company insiders.

NVIDIA Trading Up 0.2 %

NASDAQ:NVDA opened at $455.81 on Friday. The stock’s 50 day moving average price is $454.27 and its 200 day moving average price is $362.92. The company has a market capitalization of $1.13 trillion, a PE ratio of 110.10, a P/E/G ratio of 3.56 and a beta of 1.74. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $502.66.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The firm had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $11.19 billion. During the same quarter last year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 101.5% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 9.46 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 3.86%.

About NVIDIA

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.