NVIDIA Corporation $NVDA Stock Holdings Lessened by Vega Investment Solutions

Vega Investment Solutions lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 46.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,789 shares of the computer hardware maker’s stock after selling 81,913 shares during the quarter. NVIDIA makes up about 3.4% of Vega Investment Solutions’ portfolio, making the stock its 6th biggest holding. Vega Investment Solutions’ holdings in NVIDIA were worth $14,660,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. raised its stake in shares of NVIDIA by 4.6% during the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after buying an additional 367 shares during the last quarter. Atria Investments Inc increased its holdings in NVIDIA by 3.2% during the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after acquiring an additional 29,479 shares in the last quarter. Fielder Capital Group LLC raised its position in NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after acquiring an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp lifted its holdings in shares of NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Finally, ORG Wealth Partners LLC lifted its holdings in shares of NVIDIA by 7.7% in the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after purchasing an additional 3,542 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. BNP Paribas Exane lifted their price objective on NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Daiwa Capital Markets upped their price objective on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Melius Research lifted their price objective on NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Citic Securities boosted their target price on shares of NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Morgan Stanley upped their target price on shares of NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $258.65.

NVIDIA Stock Down 1.6%

Shares of NASDAQ:NVDA opened at $180.93 on Friday. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.40 trillion, a price-to-earnings ratio of 44.89, a PEG ratio of 0.90 and a beta of 2.29. The stock’s 50-day moving average price is $186.94 and its two-hundred day moving average price is $173.24. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter in the prior year, the company posted $0.81 EPS. The company’s quarterly revenue was up 62.5% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other news, EVP Debora Shoquist sold 80,000 shares of the company’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 sale, the executive vice president directly owned 1,654,443 shares in the company, valued at $305,492,899.95. This represents a 4.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, September 26th. The shares were sold at an average price of $176.96, for a total value of $13,272,000.00. Following the completion of the transaction, the chief executive officer owned 71,308,203 shares in the company, valued at $12,618,699,602.88. The trade was a 0.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,629,134 shares of company stock worth $477,077,768 in the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA 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.