NVIDIA Corporation $NVDA is MFG Wealth Management Inc.’s 2nd Largest Position

MFG Wealth Management Inc. decreased its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 25.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,570 shares of the computer hardware maker’s stock after selling 7,262 shares during the quarter. NVIDIA comprises about 3.0% of MFG Wealth Management Inc.’s portfolio, making the stock its 2nd biggest position. MFG Wealth Management Inc.’s holdings in NVIDIA were worth $4,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Websterrogers Financial Advisors LLC increased its stake in NVIDIA by 2.6% during the 3rd quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock valued at $395,000 after purchasing an additional 54 shares in the last quarter. Wilsey Asset Management Inc. acquired a new position in shares of NVIDIA in the 3rd quarter valued at $1,091,000. Sheets Smith Investment Management raised its stake in NVIDIA by 9.3% in the 3rd quarter. Sheets Smith Investment Management now owns 19,655 shares of the computer hardware maker’s stock worth $3,667,000 after acquiring an additional 1,679 shares during the last quarter. New Capital Management LP lifted its position in NVIDIA by 132.8% during the 3rd quarter. New Capital Management LP now owns 33,096 shares of the computer hardware maker’s stock worth $6,175,000 after acquiring an additional 18,882 shares during the period. Finally, Talbot Financial LLC lifted its position in NVIDIA by 2.8% during the 3rd quarter. Talbot Financial LLC now owns 276,117 shares of the computer hardware maker’s stock worth $51,518,000 after acquiring an additional 7,617 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 1.5%

NVDA stock opened at $183.69 on Tuesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm’s fifty day moving average is $185.49 and its 200 day moving average is $175.70. The firm has a market cap of $4.46 trillion, a PE ratio of 45.58, a P/E/G ratio of 0.89 and a beta of 2.29.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The company’s revenue was up 62.5% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders 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 of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 30,500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the completion of the transaction, the chief financial officer directly owned 1,286,826 shares of the company’s stock, valued at $229,196,578.86. This represents a 2.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 12,728 shares of NVIDIA stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total transaction of $2,341,061.04. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,311,474 shares of company stock valued at $422,749,992. 4.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NVDA shares. Evercore ISI set a $352.00 price objective on NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Benchmark increased their price target on shares of NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Bank of America lifted their price objective on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wolfe Research increased their price objective 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. Finally, Morgan Stanley boosted their target price on shares of NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $262.14.

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NVIDIA Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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