Handelsinvest Investeringsforvaltning Lowers Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Handelsinvest Investeringsforvaltning trimmed its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,089 shares of the computer hardware maker’s stock after selling 1,327 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in NVIDIA were worth $1,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. V Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 1.4% in the third quarter. V Wealth Advisors LLC now owns 25,095 shares of the computer hardware maker’s stock worth $3,047,000 after buying an additional 349 shares in the last quarter. XML Financial LLC raised its stake in NVIDIA by 3.6% in the third quarter. XML Financial LLC now owns 4,821 shares of the computer hardware maker’s stock valued at $585,000 after purchasing an additional 166 shares in the last quarter. F M Investments LLC raised its stake in NVIDIA by 262.7% in the third quarter. F M Investments LLC now owns 21,422 shares of the computer hardware maker’s stock valued at $2,600,000 after purchasing an additional 15,515 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in NVIDIA by 107.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 878,952 shares of the computer hardware maker’s stock valued at $106,697,000 after purchasing an additional 454,473 shares in the last quarter. Finally, Empirical Finance LLC raised its stake in NVIDIA by 21.2% in the third quarter. Empirical Finance LLC now owns 59,545 shares of the computer hardware maker’s stock valued at $7,228,000 after purchasing an additional 10,405 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 60,000 shares of the business’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $165.09, for a total transaction of $9,905,400.00. Following the completion of the sale, the director now directly owns 2,250,193 shares in the company, valued at approximately $371,484,362.37. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Mark A. Stevens sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the completion of the transaction, the director now directly owns 1,325,888 shares in the company, valued at approximately $210,604,049.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the transaction, the director now owns 2,250,193 shares of the company’s stock, valued at $371,484,362.37. The disclosure for this sale can be found here. Insiders sold a total of 227,787 shares of company stock worth $36,844,997 in the last three months. 4.04% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $190.06 on Wednesday. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $289.46. The business has a 50-day simple moving average of $162.10 and a two-hundred day simple moving average of $153.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.74 and a current ratio of 3.39. The firm has a market cap of $473.25 billion, a price-to-earnings ratio of 81.98, a price-to-earnings-growth ratio of 7.29 and a beta of 1.77.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). The firm had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.82 billion. NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. On average, analysts expect that NVIDIA Co. will post 2.19 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.08%. NVIDIA’s dividend payout ratio is currently 6.81%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NVDA shares. Raymond James lowered their target price on shares of NVIDIA from $210.00 to $190.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 17th. Oppenheimer decreased their price target on shares of NVIDIA from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, November 11th. Credit Suisse Group reissued an “outperform” rating and set a $210.00 price target (up from $205.00) on shares of NVIDIA in a research note on Wednesday, November 16th. Morgan Stanley decreased their price target on shares of NVIDIA from $182.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 17th. Finally, HSBC assumed coverage on shares of NVIDIA in a report on Thursday, December 15th. They issued a “reduce” rating and a $136.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $209.23.

NVIDIA Profile

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.