NVIDIA Corporation $NVDA Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,103,597 shares of the computer hardware maker’s stock after selling 60,816 shares during the period. NVIDIA comprises about 8.7% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its largest position. Reynders McVeigh Capital Management LLC’s holdings in NVIDIA were worth $174,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Harbor Asset Planning Inc. purchased a new stake in NVIDIA in the 2nd quarter worth approximately $28,000. Winnow Wealth LLC purchased a new position in shares of NVIDIA during the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC boosted its holdings 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 purchasing an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new stake in shares of NVIDIA in the second quarter valued at $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new stake in shares of NVIDIA in the second quarter valued at $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of the firm’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 sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Debora Shoquist sold 80,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 1,574,443 shares of the company’s stock, valued at approximately $290,720,899.95. This represents a 4.84% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,754,474 shares of company stock worth $499,562,617. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 0.7%

Shares of NVDA stock opened at $176.29 on Tuesday. The stock has a market cap of $4.28 trillion, a price-to-earnings ratio of 43.74, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm’s 50 day moving average price is $186.51 and its two-hundred day moving average price is $174.35.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) 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 company had revenue of $57.01 billion during 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. The business’s quarterly revenue was up 62.5% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on NVDA shares. Wolfe Research increased their target price on NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Wedbush raised their target price on shares of NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Robert W. Baird set a $275.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Zacks Research raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Four 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 stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average price target of $258.65.

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.