Barrier Capital Management LLC Makes New $10.65 Million Investment in NVIDIA Corporation $NVDA

Barrier Capital Management LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 67,400 shares of the computer hardware maker’s stock, valued at approximately $10,649,000. NVIDIA makes up about 7.3% of Barrier Capital Management LLC’s holdings, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Asset Planning Inc. acquired a new stake in NVIDIA during the 2nd quarter worth approximately $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the second quarter worth $32,000. Longfellow Investment Management Co. LLC increased its position in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA in the second quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 3.3%

NASDAQ:NVDA opened at $175.02 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. 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 stock’s 50 day simple moving average is $186.69 and its 200-day simple moving average is $173.54. The firm has a market cap of $4.25 trillion, a P/E ratio of 43.43, a PEG ratio of 0.89 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion for 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%. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

Insiders Place Their Bets

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total value of $14,772,000.00. Following the completion of the sale, the executive vice president owned 1,574,443 shares of the company’s stock, valued at approximately $290,720,899.95. This trade represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $176.96, for a total transaction of $13,272,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,829,474 shares of company stock valued at $512,805,367. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVDA. Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a research note on Monday. Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Susquehanna raised their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a report on Thursday, November 20th. Truist Financial boosted their target price on shares of NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price objective (up from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Four equities research 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $258.65.

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.