Tobam Lowers Stock Holdings in NVIDIA Corporation $NVDA

Tobam cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 42.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,575 shares of the computer hardware maker’s stock after selling 14,219 shares during the period. Tobam’s holdings in NVIDIA were worth $3,093,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. raised its holdings in NVIDIA by 4.6% in the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after acquiring an additional 367 shares in the last quarter. Atria Investments Inc raised its holdings in shares of 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 in the last quarter. Fielder Capital Group LLC lifted its position in shares of NVIDIA by 9.7% during the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after purchasing an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp grew its stake in shares of NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Finally, ORG Wealth Partners LLC increased its holdings in NVIDIA by 7.7% in the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after buying an additional 3,542 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other news, Director John Dabiri sold 626 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $179.42, for a total transaction of $112,316.92. Following the completion of the transaction, the director directly owned 17,792 shares of the company’s stock, valued at approximately $3,192,240.64. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 12,728 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total value of $2,341,061.04. The SEC filing for this sale provides additional information. Insiders have sold 2,949,931 shares of company stock worth $531,605,955 in the last three months. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on NVDA shares. Seaport Global Securities lifted their price target on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a report on Monday, November 17th. Loop Capital increased their target price on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, November 26th. Stifel Nicolaus upped their price objective on shares of NVIDIA from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Benchmark lifted their target price on NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Stock Performance

NASDAQ NVDA opened at $182.41 on Friday. The firm has a market cap of $4.43 trillion, a P/E ratio of 45.26, a P/E/G ratio of 0.90 and a beta of 2.29. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The business’s 50-day moving average price is $187.13 and its 200 day moving average price is $171.82. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating 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 firm 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 business earned $0.81 EPS. The firm’s revenue was up 62.5% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio is currently 0.99%.

NVIDIA 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.