NVIDIA Corporation $NVDA Holdings Increased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,218,284 shares of the computer hardware maker’s stock after purchasing an additional 62,372 shares during the quarter. NVIDIA accounts for 1.6% of Orion Porfolio Solutions LLC’s portfolio, making the stock its 6th largest position. Orion Porfolio Solutions LLC’s holdings in NVIDIA were worth $192,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Munro Partners purchased a new stake in shares of NVIDIA during the second quarter worth about $318,089,000. Provident Investment Management Inc. grew its stake in NVIDIA by 9.0% during the 2nd quarter. Provident Investment Management Inc. now owns 7,907 shares of the computer hardware maker’s stock valued at $1,249,000 after purchasing an additional 654 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in NVIDIA by 4.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 10,727,375 shares of the computer hardware maker’s stock valued at $1,694,905,000 after purchasing an additional 476,115 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new stake in NVIDIA during the 2nd quarter worth approximately $57,007,000. Finally, Nautilus Advisors LLC raised its position in shares of NVIDIA by 1.2% in the 2nd quarter. Nautilus Advisors LLC now owns 12,438 shares of the computer hardware maker’s stock valued at $1,965,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.7%

NASDAQ NVDA opened at $176.29 on Tuesday. 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 Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a 50-day simple moving average of $186.51 and a 200-day simple moving average of $174.35. The firm has a market capitalization of $4.28 trillion, a PE ratio of 43.74, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29.

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

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NVDA shares. Mizuho raised their price target on shares of NVIDIA from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, November 20th. Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. 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 research note on Monday, December 1st. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research report on Tuesday, December 9th. Four analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Buy” and an average price target of $258.65.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $182.34, for a total transaction of $13,675,500.00. Following the completion of the transaction, the chief executive officer owned 71,158,203 shares of the company’s stock, valued at approximately $12,974,986,735.02. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,754,474 shares of company stock worth $499,562,617. 4.17% of the stock is owned by company insiders.

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.