NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 115.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,519 shares of the computer hardware maker’s stock after acquiring an additional 1,884 shares during the period. Bryn Mawr Capital Management LLC’s holdings in NVIDIA were worth $1,531,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC grew its holdings in NVIDIA by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 47,459,414 shares of the computer hardware maker’s stock valued at $20,022,108,000 after purchasing an additional 1,403,401 shares in the last quarter. Morgan Stanley grew its holdings in NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA during the 4th quarter valued at $3,900,874,000. Moneta Group Investment Advisors LLC grew its holdings in NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after purchasing an additional 19,574,443 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in NVIDIA by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,120,655 shares of the computer hardware maker’s stock valued at $5,550,300,000 after purchasing an additional 146,334 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $721.33 on Monday. The firm’s 50 day moving average is $545.55 and its 200-day moving average is $485.68. The stock has a market capitalization of $1.78 trillion, a P/E ratio of 95.16, a P/E/G ratio of 2.89 and a beta of 1.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.59 and a quick ratio of 3.06. NVIDIA Co. has a 12-month low of $204.21 and a 12-month high of $721.85.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.03 by $0.99. The company had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $16.19 billion. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The business’s revenue was up 205.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. Equities research analysts anticipate that NVIDIA Co. will post 11.09 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 2.11%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Sanford C. Bernstein raised their price objective on shares of NVIDIA from $675.00 to $700.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. KeyCorp raised their price objective on shares of NVIDIA from $650.00 to $740.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Mizuho raised their price objective on shares of NVIDIA from $590.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Needham & Company LLC reissued a “buy” rating and set a $600.00 price objective on shares of NVIDIA in a report on Wednesday, November 22nd. Finally, Truist Financial raised their price objective on shares of NVIDIA from $668.00 to $674.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $616.35.

Check Out Our Latest Stock Analysis on NVDA

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 36,000 shares of NVIDIA stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $546.95, for a total value of $19,690,200.00. Following the transaction, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the transaction, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 218 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $484.99, for a total transaction of $105,727.82. Following the transaction, the director now directly owns 2,183 shares in the company, valued at $1,058,733.17. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock valued at $79,810,950 over the last ninety days. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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