NVIDIA Corporation $NVDA Holdings Boosted by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 41.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,970 shares of the computer hardware maker’s stock after purchasing an additional 10,826 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in NVIDIA were worth $5,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Harbor Asset Planning Inc. purchased a new position in NVIDIA during the 2nd quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA during the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC grew its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the completion of the transaction, the chief executive officer owned 71,683,203 shares of the company’s stock, valued at approximately $12,646,350,673.26. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,029,931 shares of company stock worth $548,443,455 in the last 90 days. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NVDA shares. Robert W. Baird set a $275.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a research note on Monday. DZ Bank reaffirmed a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. KeyCorp lifted their price target on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, CICC Research boosted their price target on NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Stock Down 0.6%

Shares of NVDA stock opened at $183.78 on Thursday. The stock’s 50 day simple moving average is $187.10 and its 200 day simple moving average is $173.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a market capitalization of $4.47 trillion, a price-to-earnings ratio of 45.60, a PEG ratio of 0.91 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $54.66 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The company’s revenue was up 62.5% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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.