NVIDIA Corporation $NVDA Position Increased by Generali Investments Management Co LLC

Generali Investments Management Co LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 206,026 shares of the computer hardware maker’s stock after acquiring an additional 6,092 shares during the quarter. NVIDIA makes up 7.4% of Generali Investments Management Co LLC’s portfolio, making the stock its biggest position. Generali Investments Management Co LLC’s holdings in NVIDIA were worth $32,506,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Morton Brown Family Wealth LLC grew its position in shares of NVIDIA by 1.5% during the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock worth $621,000 after buying an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC grew its holdings in NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock worth $3,302,000 after acquiring an additional 58 shares in the last quarter. Alpha Wealth Funds LLC grew its holdings in NVIDIA by 1.3% during the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock worth $732,000 after acquiring an additional 59 shares in the last quarter. Copia Wealth Management increased its position in shares of NVIDIA by 14.7% in the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after purchasing an additional 60 shares during the last quarter. Finally, BKM Wealth Management LLC raised its stake in shares of NVIDIA by 1.1% in the 2nd quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock valued at $908,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA 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 transaction, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,949,931 shares of company stock valued at $531,605,955. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVDA. Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research report on Monday, December 1st. UBS Group reissued a “buy” rating and set a $235.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Zacks Research upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and an average price target of $258.65.

NVIDIA Stock Down 0.5%

NVIDIA stock opened at $182.41 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a 50-day simple moving average of $187.13 and a 200-day simple moving average of $172.08. The firm has a market capitalization of $4.43 trillion, a P/E ratio of 45.26, a P/E/G ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last posted its earnings results 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 net margin of 53.01% and a return on equity of 99.24%. The firm had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same period in the previous year, the business posted $0.81 EPS. NVIDIA’s revenue was up 62.5% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued 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 of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

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.