Unigestion Holding SA Has $3.59 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Unigestion Holding SA lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 243.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,483 shares of the computer hardware maker’s stock after acquiring an additional 12,388 shares during the quarter. Unigestion Holding SA’s holdings in NVIDIA were worth $3,587,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NVDA. Edgewood Management LLC boosted its position in shares of NVIDIA by 238.8% in the second quarter. Edgewood Management LLC now owns 17,989,080 shares of the computer hardware maker’s stock worth $3,598,266,000 after buying an additional 12,678,710 shares during the period. Amundi acquired a new stake in NVIDIA during the second quarter valued at $1,824,062,000. GQG Partners LLC boosted its position in NVIDIA by 87.6% during the second quarter. GQG Partners LLC now owns 3,715,358 shares of the computer hardware maker’s stock valued at $2,971,965,000 after purchasing an additional 1,735,207 shares during the last quarter. 1832 Asset Management L.P. boosted its position in NVIDIA by 519.0% during the second quarter. 1832 Asset Management L.P. now owns 971,153 shares of the computer hardware maker’s stock valued at $775,260,000 after purchasing an additional 814,256 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in NVIDIA by 151.1% during the second quarter. Renaissance Technologies LLC now owns 1,160,793 shares of the computer hardware maker’s stock valued at $928,750,000 after purchasing an additional 698,500 shares during the last quarter. 19.24% of the stock is owned by institutional investors and hedge funds.

In other news, Director Persis Drell sold 10,000 shares of the stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $326.65, for a total transaction of $3,266,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 58,000 shares of the firm’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $342.58, for a total transaction of $19,869,640.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,000 shares of company stock valued at $25,222,940. Corporate insiders own 4.47% of the company’s stock.

NVDA has been the subject of a number of research reports. Summit Insights raised NVIDIA from a “sell” rating to a “buy” rating in a research report on Friday, October 22nd. BMO Capital Markets lifted their price objective on NVIDIA from $250.00 to $375.00 in a research report on Monday. Robert W. Baird lifted their price objective on NVIDIA from $240.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, November 15th. Craig Hallum lifted their price objective on NVIDIA from $220.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 18th. Finally, Barclays boosted their price target on NVIDIA from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, August 19th. Three analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average price target of $326.78.

NVDA stock traded up $9.28 during trading hours on Thursday, reaching $326.74. 43,469,906 shares of the stock were exchanged, compared to its average volume of 34,447,004. The firm’s 50-day moving average is $248.30 and its 200-day moving average is $210.84. The company has a market cap of $814.24 billion, a price-to-earnings ratio of 116.48, a PEG ratio of 4.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.80 and a quick ratio of 5.33. NVIDIA Co. has a 12 month low of $115.67 and a 12 month high of $346.47.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 40.88% and a net margin of 32.33%. During the same quarter in the previous year, the firm posted $0.60 earnings per share. As a group, equities research analysts forecast that NVIDIA Co. will post 3.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 23rd. Shareholders of record on Thursday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date is Wednesday, December 1st. NVIDIA’s dividend payout ratio (DPR) is presently 5.70%.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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