Integrated Quantitative Investments LLC Invests $4.57 Million in NVIDIA Corporation $NVDA

Integrated Quantitative Investments LLC purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 28,926 shares of the computer hardware maker’s stock, valued at approximately $4,570,000. NVIDIA accounts for approximately 1.3% of Integrated Quantitative Investments LLC’s portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Geode Capital Management LLC lifted its stake in NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after buying an additional 8,521,936 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its position in shares of NVIDIA by 267,959.7% in the second 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 acquiring an additional 382,231,120 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of NVIDIA by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Finally, Nuveen LLC purchased a new position in NVIDIA in the 1st quarter valued at $15,089,414,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI set a $352.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, November 26th. Raymond James Financial set a $272.00 target price on NVIDIA and gave the company a “strong-buy” rating in a report on Thursday, November 20th. Rosenblatt Securities boosted their price target on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Arete Research upped their price objective on shares of NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of “Buy” and an average target price of $258.65.

NVIDIA Trading Down 0.5%

Shares of NVDA stock opened at $182.41 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The firm has a market cap of $4.43 trillion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 0.90 and a beta of 2.29. The company has a 50-day moving average of $187.13 and a two-hundred day moving average of $172.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,949,931 shares of company stock valued at $531,605,955. Corporate insiders own 4.17% of the company’s stock.

NVIDIA 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.