Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Reduces Stock Position in NVIDIA Corporation $NVDA

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 37.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,500 shares of the computer hardware maker’s stock after selling 39,000 shares during the period. NVIDIA accounts for 1.6% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s investment portfolio, making the stock its 19th biggest position. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s holdings in NVIDIA were worth $10,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harbor Asset Planning Inc. purchased a new stake in NVIDIA during the 2nd quarter worth about $28,000. Spurstone Advisory Services LLC purchased a new stake in shares of NVIDIA in the second quarter worth about $40,000. Kathleen S. Wright Associates Inc. boosted its position in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the second quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. grew its stake in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $182.41 on Friday. The firm has a fifty day simple moving average of $187.13 and a two-hundred day simple moving average of $172.08. 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 Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a market capitalization of $4.43 trillion, a PE ratio of 45.26, a P/E/G ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 62.5% compared to the same quarter last year. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

NVDA has been the topic of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday, November 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $240.00 price target (up previously from $210.00) on shares of NVIDIA in a research note on Friday, October 31st. Mizuho raised their price objective on shares of NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. New Street Research reiterated a “buy” rating and issued a $307.00 target price on shares of NVIDIA in a research report on Thursday, October 30th. Finally, Raymond James Financial set a $272.00 target price on NVIDIA and gave the company a “strong-buy” rating in a research note on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $258.65.

Insider Buying and Selling

In related news, Director A Brooke Seawell sold 12,728 shares of the company’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,949,931 shares of company stock worth $531,605,955. 4.17% of the stock is owned by company insiders.

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.