NVIDIA Corporation $NVDA Stake Raised by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 9.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,129,854 shares of the computer hardware maker’s stock after purchasing an additional 93,712 shares during the period. NVIDIA makes up about 3.6% of Prospera Financial Services Inc’s holdings, making the stock its 2nd biggest holding. Prospera Financial Services Inc’s holdings in NVIDIA were worth $210,817,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in NVIDIA in the 2nd quarter worth about $51,386,863,000. Laurel Wealth Advisors LLC increased its holdings in NVIDIA by 15,496.1% during the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after buying an additional 21,725,326 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in NVIDIA by 25.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker’s stock worth $13,381,628,000 after purchasing an additional 14,358,048 shares during the period. State Street Corp raised its stake in shares of NVIDIA by 1.0% in the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock worth $154,556,803,000 after buying an additional 9,554,857 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.2%

NVDA opened at $183.32 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 37.41, a PEG ratio of 0.62 and a beta of 2.33. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $186.02 and a 200-day moving average price of $183.87.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. During the same quarter in the previous year, the business posted $0.89 EPS. NVIDIA’s revenue was up 73.2% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is presently 0.82%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction dated 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 sale, the chief financial officer owned 1,286,826 shares of the company’s stock, valued at $229,196,578.86. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 200,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $180.04, for a total transaction of $36,008,000.00. Following the sale, the executive vice president owned 3,618,547 shares of the company’s stock, valued at approximately $651,483,201.88. The trade was a 5.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,248,120 shares of company stock valued at $225,672,814. Corporate insiders own 4.17% of the company’s stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Analysts Set New Price Targets

Several equities analysts have recently commented on NVDA shares. Oppenheimer restated an “outperform” rating and issued a $265.00 price objective on shares of NVIDIA in a research report on Thursday, February 26th. Wells Fargo & Company reiterated an “overweight” rating on shares of NVIDIA in a research report on Monday, December 29th. TD Cowen reiterated a “buy” rating and issued a $235.00 target price on shares of NVIDIA in a report on Thursday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research note on Thursday, February 26th. Finally, UBS Group set a $400.00 price objective on NVIDIA in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and a consensus price target of $273.64.

Get Our Latest Analysis on NVDA

About NVIDIA

(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.

See Also

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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