NVIDIA Corporation $NVDA Holdings Lifted by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 270,890 shares of the computer hardware maker’s stock after buying an additional 11,794 shares during the quarter. NVIDIA accounts for approximately 6.9% of Newbridge Financial Services Group Inc.’s holdings, making the stock its largest position. Newbridge Financial Services Group Inc.’s holdings in NVIDIA were worth $42,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. MRP Capital Investments LLC boosted its position in NVIDIA by 9.2% during the second quarter. MRP Capital Investments LLC now owns 13,765 shares of the computer hardware maker’s stock worth $2,175,000 after acquiring an additional 1,165 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of NVIDIA by 5.2% during the second quarter. Advisory Services Network LLC now owns 1,269,375 shares of the computer hardware maker’s stock worth $200,549,000 after purchasing an additional 62,827 shares during the last quarter. Anchor Investment Management LLC grew its position in shares of NVIDIA by 5.1% in the second quarter. Anchor Investment Management LLC now owns 83,907 shares of the computer hardware maker’s stock valued at $13,257,000 after purchasing an additional 4,108 shares during the period. State of Wyoming grew its position in shares of NVIDIA by 1.0% in the second quarter. State of Wyoming now owns 76,299 shares of the computer hardware maker’s stock valued at $12,054,000 after purchasing an additional 726 shares during the period. Finally, Asset Dedication LLC increased its stake in NVIDIA by 2.1% in the second quarter. Asset Dedication LLC now owns 114,756 shares of the computer hardware maker’s stock valued at $18,130,000 after purchasing an additional 2,331 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $182.34, for a total transaction of $13,675,500.00. Following the transaction, the chief executive officer directly owned 71,158,203 shares of the company’s stock, valued at approximately $12,974,986,735.02. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Debora Shoquist sold 80,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the completion of the transaction, the executive vice president owned 1,574,443 shares of the company’s stock, valued at $290,720,899.95. This trade represents a 4.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,754,474 shares of company stock valued at $499,562,617. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $175.02 on Monday. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.25 trillion, a PE ratio of 43.43, a P/E/G ratio of 0.86 and a beta of 2.29. The company’s fifty day simple moving average is $186.69 and its 200-day simple moving average is $174.09. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19.

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

NVIDIA Dividend Announcement

The business 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 dividend of $0.01 per share. This represents a $0.04 annualized dividend 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%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. 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. Loop Capital boosted their target price on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Wolfe Research increased their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Finally, Mizuho boosted their price objective on shares of NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $258.65.

About NVIDIA

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.