9,559 Shares in NVIDIA Corporation $NVDA Bought by Blue Capital Inc.

Blue Capital Inc. acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,559 shares of the computer hardware maker’s stock, valued at approximately $1,510,000.

Several other large investors also recently modified their holdings of NVDA. Blue Grotto Capital LLC acquired a new position in shares of NVIDIA in the second quarter worth about $25,095,000. BlueCrest Capital Management Ltd acquired a new stake in NVIDIA during the 2nd quarter valued at approximately $102,687,000. Bamco Inc. NY increased its holdings in NVIDIA by 0.6% during the 2nd quarter. Bamco Inc. NY now owns 2,889,282 shares of the computer hardware maker’s stock worth $456,478,000 after purchasing an additional 17,221 shares during the last quarter. Acas LLC purchased a new stake in NVIDIA during the 2nd quarter worth approximately $174,000. Finally, AQR Capital Management LLC raised its position in shares of NVIDIA by 2.2% in the 2nd quarter. AQR Capital Management LLC now owns 19,624,757 shares of the computer hardware maker’s stock valued at $3,073,433,000 after purchasing an additional 419,994 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was 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 in the company, valued at approximately $290,720,899.95. The trade was a 4.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,829,474 shares of company stock valued at $512,805,367. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $175.02 on Friday. The firm has a fifty day moving average of $186.69 and a 200-day moving average of $173.54. The company has a market cap of $4.25 trillion, a price-to-earnings ratio of 43.43, a price-to-earnings-growth ratio of 0.89 and a beta of 2.29. 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 1 year low of $86.62 and a 1 year high of $212.19.

NVIDIA (NASDAQ:NVDA) last released 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. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NVDA. Wells Fargo & Company reissued an “overweight” rating and set a $265.00 price target (up previously from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Wolfe Research increased their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Benchmark boosted their target price on shares of NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Argus restated a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price target (up previously from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus target price 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.