Aviva PLC Acquires 917,918 Shares of NVIDIA Corporation $NVDA

Aviva PLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.8% in the second quarter, Holdings Channel reports. The firm owned 19,911,917 shares of the computer hardware maker’s stock after purchasing an additional 917,918 shares during the quarter. NVIDIA comprises about 6.5% of Aviva PLC’s portfolio, making the stock its biggest holding. Aviva PLC’s holdings in NVIDIA were worth $3,145,884,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Center for Financial Planning Inc. lifted its position in shares of NVIDIA by 4.6% in the second quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after purchasing an additional 367 shares in the last quarter. Atria Investments Inc lifted its stake in NVIDIA by 3.2% in the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after acquiring an additional 29,479 shares during the last quarter. Fielder Capital Group LLC grew its position in shares of NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after acquiring an additional 4,444 shares during the period. MADDEN SECURITIES Corp increased its stake in shares of NVIDIA by 3.2% during the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after purchasing an additional 2,484 shares during the last quarter. Finally, ORG Wealth Partners LLC raised its holdings in shares of NVIDIA by 7.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after purchasing an additional 3,542 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $183.38 on Friday. The company’s 50 day moving average price is $187.05 and its two-hundred day moving average price is $171.50. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The firm has a market cap of $4.46 trillion, a PE ratio of 45.50, a PEG ratio of 0.88 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 earnings per share. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business 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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio is presently 0.99%.

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. Wolfe Research lifted their price target on NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. President Capital raised their price objective on NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. BNP Paribas Exane increased their price target on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. Five research 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. According to data from MarketBeat, NVIDIA has an average rating of “Buy” and an average target price of $258.65.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 626 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $179.42, for a total transaction of $112,316.92. Following the sale, the director directly owned 17,792 shares in the company, valued at $3,192,240.64. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 12,728 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total transaction of $2,341,061.04. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,949,931 shares of company stock valued at $531,605,955. Company insiders own 4.17% of the company’s stock.

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.