Quantbot Technologies LP Buys 1,340 Shares of NVIDIA Co. (NASDAQ:NVDA)

Quantbot Technologies LP grew its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,072 shares of the computer hardware maker’s stock after acquiring an additional 1,340 shares during the quarter. NVIDIA comprises approximately 1.0% of Quantbot Technologies LP’s investment portfolio, making the stock its biggest position. Quantbot Technologies LP’s holdings in NVIDIA were worth $14,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in NVIDIA during the 4th quarter valued at about $3,900,874,000. Moneta Group Investment Advisors LLC boosted its holdings in NVIDIA by 160,446.3% during 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 acquiring an additional 19,574,443 shares during the period. Morgan Stanley boosted its holdings in NVIDIA by 20.2% during 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 acquiring an additional 4,621,002 shares during the period. Barclays PLC boosted its stake in shares of NVIDIA by 55.7% in the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock valued at $3,240,769,000 after buying an additional 2,740,850 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of NVIDIA by 58,042.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,855,904 shares of the computer hardware maker’s stock valued at $785,081,000 after buying an additional 1,852,712 shares during the period. 64.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. KeyCorp raised their target price on NVIDIA from $650.00 to $740.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. BMO Capital Markets lifted their price target on NVIDIA from $600.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Benchmark reiterated a “buy” rating and set a $625.00 target price on shares of NVIDIA in a research report on Wednesday, November 22nd. The Goldman Sachs Group boosted their price target on NVIDIA from $625.00 to $800.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of NVIDIA in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $616.35.

Check Out Our Latest Report on NVIDIA

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $483.18, for a total transaction of $4,831,800.00. Following the sale, the director now directly owns 989,831 shares in the company, valued at approximately $478,266,542.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $483.18, for a total value of $4,831,800.00. Following the transaction, the director now owns 989,831 shares of the company’s stock, valued at approximately $478,266,542.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the transaction, the director now directly owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock worth $79,810,950 in the last three months. Insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 3.6 %

Shares of NVDA opened at $721.33 on Friday. NVIDIA Co. has a 12-month low of $204.21 and a 12-month high of $721.85. The company has a quick ratio of 3.06, a current ratio of 3.59 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 95.16, a P/E/G ratio of 2.79 and a beta of 1.69. The stock’s 50-day moving average price is $545.55 and its 200 day moving average price is $485.46.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The firm had revenue of $18.12 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 205.5% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 11.09 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is currently 2.11%.

About NVIDIA

(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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