NVIDIA Co. (NASDAQ:NVDA) Holdings Lifted by Dorsey Wright & Associates

Dorsey Wright & Associates lifted its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 55.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,761 shares of the computer hardware maker’s stock after purchasing an additional 3,110 shares during the period. NVIDIA accounts for approximately 1.2% of Dorsey Wright & Associates’ portfolio, making the stock its 20th biggest holding. Dorsey Wright & Associates’ holdings in NVIDIA were worth $3,811,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NVDA. Peoples Financial Services CORP. bought a new position in NVIDIA during the third quarter valued at about $30,000. Your Advocates Ltd. LLP bought a new position in NVIDIA during the third quarter valued at about $30,000. Marquette Asset Management LLC bought a new position in NVIDIA during the second quarter valued at about $34,000. Trivant Custom Portfolio Group LLC increased its stake in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 30 shares during the period. Finally, Quarry LP bought a new position in NVIDIA during the first quarter valued at about $34,000. 64.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the transaction, the director now owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the transaction, the director now owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 35,648 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the transaction, the director now owns 1,189,083 shares of the company’s stock, valued at approximately $645,588,833.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,216 shares of company stock worth $79,810,950. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $721.33 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.59 and a debt-to-equity ratio of 0.25. NVIDIA Co. has a 12 month low of $204.21 and a 12 month high of $721.85. The company has a fifty day simple moving average of $545.55 and a 200 day simple moving average of $485.46. The stock has a market cap of $1.78 trillion, a P/E ratio of 95.16, a P/E/G ratio of 2.79 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Tuesday, November 21st. The computer hardware maker reported $4.02 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.99. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s quarterly revenue was up 205.5% on a year-over-year basis. On average, research analysts expect that NVIDIA Co. will post 11.09 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 6th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 2.11%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. Wells Fargo & Company boosted their price target on NVIDIA from $600.00 to $675.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $775.00 price objective on shares of NVIDIA in a research note on Monday, January 29th. Morgan Stanley upped their price objective on NVIDIA from $603.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup lowered their price objective on NVIDIA from $630.00 to $575.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. Finally, Tigress Financial upped their price objective on NVIDIA from $560.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $616.35.

Read Our Latest Analysis on NVDA

NVIDIA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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