Los Angeles Capital Management LLC Has $2.08 Billion Position in NVIDIA Corporation $NVDA

Los Angeles Capital Management LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 10.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,192,193 shares of the computer hardware maker’s stock after buying an additional 1,226,271 shares during the period. NVIDIA makes up 7.8% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its largest position. Los Angeles Capital Management LLC’s holdings in NVIDIA were worth $2,084,235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BHK Investment Advisors LLC increased its stake in shares of NVIDIA by 21.6% in the 2nd quarter. BHK Investment Advisors LLC now owns 3,318 shares of the computer hardware maker’s stock worth $524,000 after acquiring an additional 590 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in NVIDIA by 11.2% in the second quarter. RWA Wealth Partners LLC now owns 318,886 shares of the computer hardware maker’s stock worth $50,381,000 after purchasing an additional 32,156 shares during the period. Titan Global Capital Management USA LLC increased its stake in shares of NVIDIA by 74.3% during the second quarter. Titan Global Capital Management USA LLC now owns 209,789 shares of the computer hardware maker’s stock valued at $33,144,000 after purchasing an additional 89,396 shares in the last quarter. Decker Retirement Planning Inc. lifted its holdings in shares of NVIDIA by 46.7% during the second quarter. Decker Retirement Planning Inc. now owns 2,481 shares of the computer hardware maker’s stock valued at $392,000 after purchasing an additional 790 shares during the last quarter. Finally, Disciplined Investors L.L.C. boosted its position in shares of NVIDIA by 19.9% in the 2nd quarter. Disciplined Investors L.L.C. now owns 5,084 shares of the computer hardware maker’s stock worth $803,000 after purchasing an additional 844 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director A Brooke Seawell sold 12,728 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total value of $2,341,061.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the transaction, the chief financial officer directly owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,949,931 shares of company stock worth $531,605,955. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NVDA shares. Susquehanna raised their price objective on NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday, November 20th. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. CICC Research lifted their price target on NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Benchmark increased their price objective on shares of NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $240.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $258.65.

NVIDIA Trading Up 2.1%

Shares of NASDAQ:NVDA opened at $183.38 on Friday. The stock’s 50-day simple moving average is $187.05 and its two-hundred day simple moving average is $171.50. The stock has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 45.50, a PEG ratio of 0.88 and a beta of 2.29. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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 paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

NVIDIA Company Profile

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.