NVIDIA Co. (NASDAQ:NVDA) Stock Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,432,654 shares of the computer hardware maker’s stock after acquiring an additional 430,278 shares during the quarter. NVIDIA makes up 0.6% of Dimensional Fund Advisors LP’s portfolio, making the stock its 9th largest holding. Dimensional Fund Advisors LP owned 0.18% of NVIDIA worth $1,874,962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. United Bank lifted its stake in shares of NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after buying an additional 1,730 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in NVIDIA by 6.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after acquiring an additional 249,045 shares during the last quarter. MAS Advisors LLC increased its holdings in NVIDIA by 42.1% in the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after acquiring an additional 583 shares during the last quarter. Navis Wealth Advisors LLC increased its holdings in NVIDIA by 205.3% in the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in NVIDIA in the 1st quarter valued at $929,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. UBS Group boosted their target price on shares of NVIDIA from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. BNP Paribas upgraded shares of NVIDIA from a “neutral” rating to an “outperform” rating and set a $745.00 target price on the stock in a report on Thursday, August 24th. Sanford C. Bernstein restated an “outperform” rating and issued a $675.00 target price on shares of NVIDIA in a report on Thursday, November 9th. Craig Hallum boosted their target price on shares of NVIDIA from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Bank of America upped their price target on shares of NVIDIA from $550.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.49.

NVIDIA Trading Up 2.3 %

Shares of NVIDIA stock opened at $504.09 on Tuesday. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31. NVIDIA Co. has a 12-month low of $138.84 and a 12-month high of $505.48. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 121.76, a PEG ratio of 3.80 and a beta of 1.69. The firm’s 50 day simple moving average is $445.22 and its two-hundred day simple moving average is $425.77.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.62. The business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. NVIDIA’s revenue for the quarter was up 101.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 EPS. Analysts predict that NVIDIA Co. will post 9.66 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 3.86%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $448.99, for a total transaction of $13,329,615.12. Following the completion of the transaction, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,555,495,686.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Colette Kress sold 4,980 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the completion of the transaction, the chief financial officer now owns 499,428 shares of the company’s stock, valued at $230,106,456.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $448.99, for a total transaction of $13,329,615.12. Following the sale, the chief executive officer now owns 7,918,875 shares in the company, valued at approximately $3,555,495,686.25. The disclosure for this sale can be found here. Insiders sold a total of 145,232 shares of company stock valued at $67,606,089 over the last 90 days. Insiders own 3.99% of the company’s stock.

NVIDIA Profile

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.