Profund Advisors LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,062 shares of the computer hardware maker’s stock after selling 14,156 shares during the period. NVIDIA makes up about 1.7% of Profund Advisors LLC’s portfolio, making the stock its 8th largest position. Profund Advisors LLC’s holdings in NVIDIA were worth $23,557,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Waters Parkerson & CO. LLC raised its holdings in shares of NVIDIA by 12.7% in the third quarter. Waters Parkerson & CO. LLC now owns 8,868 shares of the computer hardware maker’s stock valued at $1,076,000 after purchasing an additional 1,000 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its stake in shares of NVIDIA by 15.1% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 49,402 shares of the computer hardware maker’s stock worth $5,997,000 after buying an additional 6,491 shares during the last quarter. First National Advisers LLC grew its holdings in shares of NVIDIA by 37.8% in the third quarter. First National Advisers LLC now owns 6,210 shares of the computer hardware maker’s stock valued at $754,000 after acquiring an additional 1,704 shares in the last quarter. Financial Avengers Inc. increased its position in shares of NVIDIA by 6.7% during the third quarter. Financial Avengers Inc. now owns 23,976 shares of the computer hardware maker’s stock valued at $2,910,000 after acquiring an additional 1,498 shares during the last quarter. Finally, Gradient Capital Advisors LLC boosted its position in NVIDIA by 68.6% in the third quarter. Gradient Capital Advisors LLC now owns 2,410 shares of the computer hardware maker’s stock worth $293,000 after purchasing an additional 981 shares during the last quarter. 61.80% of the stock is owned by institutional investors.
Analysts Set New Price Targets
NVDA has been the subject of several research analyst reports. Mizuho decreased their target price on NVIDIA from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 17th. Susquehanna Bancshares raised their price objective on shares of NVIDIA from $180.00 to $185.00 and gave the stock a “positive” rating in a report on Thursday, November 17th. Susquehanna boosted their target price on shares of NVIDIA from $180.00 to $185.00 and gave the company a “positive” rating in a research note on Thursday, November 17th. HSBC began coverage on shares of NVIDIA in a research note on Thursday, December 15th. They set a “reduce” rating and a $136.00 price target for the company. Finally, Morgan Stanley lowered their target price on NVIDIA from $182.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $209.23.
Insider Activity at NVIDIA
NVIDIA Trading Down 2.7 %
Shares of NVIDIA stock traded down $5.26 during trading on Wednesday, reaching $187.39. The company’s stock had a trading volume of 17,871,141 shares, compared to its average volume of 44,782,270. The company has a market cap of $466.60 billion, a price-to-earnings ratio of 81.98, a PEG ratio of 7.29 and a beta of 1.77. The firm’s 50-day moving average is $162.10 and its two-hundred day moving average is $153.77. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $289.46. The company has a quick ratio of 2.74, a current ratio of 3.39 and a debt-to-equity ratio of 0.45.
NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.82 billion. NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. The business’s quarterly revenue was down 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.19 earnings per share for the current year.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, November 30th. NVIDIA’s payout ratio is 6.81%.
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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