Unigestion Holding SA Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Unigestion Holding SA increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 243.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,483 shares of the computer hardware maker’s stock after buying an additional 12,388 shares during the quarter. Unigestion Holding SA’s holdings in NVIDIA were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Savior LLC lifted its position in NVIDIA by 8.6% during the second quarter. Savior LLC now owns 227 shares of the computer hardware maker’s stock worth $182,000 after buying an additional 18 shares during the period. WNY Asset Management LLC lifted its position in NVIDIA by 4.2% during the second quarter. WNY Asset Management LLC now owns 492 shares of the computer hardware maker’s stock worth $394,000 after buying an additional 20 shares during the period. Weaver Consulting Group lifted its position in NVIDIA by 5.5% during the second quarter. Weaver Consulting Group now owns 535 shares of the computer hardware maker’s stock worth $428,000 after buying an additional 28 shares during the period. First National Bank of South Miami lifted its position in NVIDIA by 4.2% during the second quarter. First National Bank of South Miami now owns 899 shares of the computer hardware maker’s stock worth $719,000 after buying an additional 36 shares during the period. Finally, Stock Yards Bank & Trust Co. lifted its position in NVIDIA by 2.6% during the second quarter. Stock Yards Bank & Trust Co. now owns 1,655 shares of the computer hardware maker’s stock worth $1,324,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Several equities research analysts have commented on the company. Citigroup upped their price target on NVIDIA from $223.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, November 15th. Wells Fargo & Company upped their price target on NVIDIA from $245.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, November 4th. Raymond James upped their price target on NVIDIA from $225.00 to $365.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 18th. They noted that the move was a valuation call. Bank of America upped their price target on NVIDIA from $340.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Finally, Craig Hallum upped their price target on NVIDIA from $220.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $326.78.

In related news, Director Persis Drell sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $326.65, for a total value of $3,266,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $342.58, for a total value of $19,869,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,000 shares of company stock worth $25,222,940. 4.47% of the stock is currently owned by company insiders.

NASDAQ NVDA traded up $9.28 during mid-day trading on Thursday, reaching $326.74. 43,469,906 shares of the company’s stock traded hands, compared to its average volume of 34,447,004. NVIDIA Co. has a 1-year low of $115.67 and a 1-year high of $346.47. The company has a fifty day simple moving average of $248.30 and a 200-day simple moving average of $210.84. The company has a current ratio of 5.80, a quick ratio of 5.33 and a debt-to-equity ratio of 0.52. The company has a market cap of $814.24 billion, a price-to-earnings ratio of 116.48, a P/E/G ratio of 4.45 and a beta of 1.46.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.06. NVIDIA had a return on equity of 40.88% and a net margin of 32.33%. During the same quarter last year, the firm posted $0.60 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 3.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 23rd. Shareholders of record on Thursday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date of this dividend is Wednesday, December 1st. NVIDIA’s dividend payout ratio is presently 5.70%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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