Black Swift Group LLC Purchases 22,535 Shares of NVIDIA Corporation $NVDA

Black Swift Group LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 142.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,344 shares of the computer hardware maker’s stock after buying an additional 22,535 shares during the quarter. NVIDIA accounts for 1.2% of Black Swift Group LLC’s portfolio, making the stock its 23rd largest position. Black Swift Group LLC’s holdings in NVIDIA were worth $6,058,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. Nuveen LLC purchased a new stake in NVIDIA during the first quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. grew its stake in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. Amundi increased its holdings in shares of NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after buying an additional 18,733,431 shares during the period. Finally, Strs Ohio purchased a new position in shares of NVIDIA in the first quarter worth about $1,163,288,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,937,203 shares of company stock worth $529,264,894 in the last quarter. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Down 1.0%

Shares of NASDAQ NVDA opened at $179.59 on Thursday. The firm has a fifty day simple moving average of $186.94 and a two-hundred day simple moving average of $171.41. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.36 trillion, a PE ratio of 44.56, a price-to-earnings-growth ratio of 0.89 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders 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 dividend yield of 0.0%. NVIDIA’s dividend payout ratio is currently 0.99%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Morgan Stanley raised their target price on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday. Raymond James Financial set a $272.00 price target on shares of NVIDIA and gave the company a “strong-buy” rating in a report on Thursday, November 20th. Robert W. Baird set a $275.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a research report on Thursday, November 20th. Finally, DZ Bank reissued a “buy” rating on shares of NVIDIA in a report on Thursday, November 20th. Five equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $258.65.

About NVIDIA

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.