NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Bellecapital International Ltd.

Bellecapital International Ltd. increased its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 43.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,344 shares of the computer hardware maker’s stock after purchasing an additional 1,615 shares during the period. Bellecapital International Ltd.’s holdings in NVIDIA were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. TFO TDC LLC purchased a new stake in NVIDIA during the 2nd quarter valued at about $28,000. Tortoise Investment Management LLC grew its stake in NVIDIA by 40.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 183 shares of the computer hardware maker’s stock valued at $28,000 after acquiring an additional 53 shares in the last quarter. FSC Wealth Advisors LLC grew its stake in NVIDIA by 313.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 207 shares in the last quarter. Founders Capital Management grew its stake in NVIDIA by 121.0% during the 2nd quarter. Founders Capital Management now owns 221 shares of the computer hardware maker’s stock valued at $34,000 after acquiring an additional 121 shares in the last quarter. Finally, Better Money Decisions LLC purchased a new stake in NVIDIA during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $1.64 during midday trading on Wednesday, hitting $191.01. The stock had a trading volume of 4,575,324 shares, compared to its average volume of 43,951,281. The company has a market capitalization of $475.61 billion, a PE ratio of 81.98, a P/E/G ratio of 7.29 and a beta of 1.77. The stock has a 50 day moving average price of $162.10 and a two-hundred day moving average price of $153.77. The company has a current ratio of 3.39, a quick ratio of 2.74 and a debt-to-equity ratio of 0.45. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). The firm had revenue of $5.93 billion during 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 firm’s revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. As a group, equities analysts predict that NVIDIA Co. will post 2.19 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NVDA shares. Raymond James dropped their price objective on shares of NVIDIA from $210.00 to $190.00 and set a “strong-buy” rating for the company in a research note on Thursday, November 17th. Truist Financial increased their price target on shares of NVIDIA from $198.00 to $238.00 and gave the company a “buy” rating in a research note on Monday. Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Wednesday, November 16th. Susquehanna increased their price target 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. Finally, Stifel Nicolaus increased their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.23.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 2,494 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $167.89, for a total value of $418,717.66. Following the completion of the sale, the insider now owns 56,617 shares in the company, valued at $9,505,428.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John Dabiri sold 293 shares of the firm’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $165.80, for a total value of $48,579.40. Following the completion of the sale, the director now owns 2,417 shares in the company, valued at $400,738.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 2,494 shares of NVIDIA stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $167.89, for a total transaction of $418,717.66. Following the transaction, the insider now owns 56,617 shares of the company’s stock, valued at approximately $9,505,428.13. The disclosure for this sale can be found here. Insiders have sold a total of 227,787 shares of company stock valued at $36,844,997 over the last quarter. Corporate insiders own 4.04% of the company’s stock.

NVIDIA Company Profile

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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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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