M&G PLC Has $172.46 Million Stake in NVIDIA Corporation $NVDA

M&G PLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 178.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,091,507 shares of the computer hardware maker’s stock after acquiring an additional 700,043 shares during the quarter. M&G PLC’s holdings in NVIDIA were worth $172,458,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NVDA. Center for Financial Planning Inc. increased its stake in shares of NVIDIA by 4.6% during the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after purchasing an additional 367 shares during the period. Atria Investments Inc boosted its stake in NVIDIA by 3.2% in the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after purchasing an additional 29,479 shares during the period. Fielder Capital Group LLC grew its holdings in NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after buying an additional 4,444 shares in the last quarter. MADDEN SECURITIES Corp increased its position in NVIDIA by 3.2% during the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after buying an additional 2,484 shares during the period. Finally, ORG Wealth Partners LLC lifted its holdings in shares of NVIDIA by 7.7% during the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after buying an additional 3,542 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the transaction, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,949,931 shares of company stock worth $531,605,955 in the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Down 0.5%

Shares of NVDA opened at $182.41 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The business’s fifty day moving average is $187.13 and its 200-day moving average is $171.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a market cap of $4.43 trillion, a price-to-earnings ratio of 45.26, a PEG ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the company earned $0.81 EPS. NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Analyst Ratings Changes

A number of research firms recently commented on NVDA. Daiwa Capital Markets raised their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, November 26th. Jefferies Financial Group reissued a “buy” rating and set a $250.00 price target (up previously from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $250.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $258.65.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.