Rothschild Investment LLC Has $68.50 Million Holdings in NVIDIA Corporation $NVDA

Rothschild Investment LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 433,565 shares of the computer hardware maker’s stock after selling 15,591 shares during the quarter. NVIDIA makes up about 4.3% of Rothschild Investment LLC’s investment portfolio, making the stock its largest position. Rothschild Investment LLC’s holdings in NVIDIA were worth $68,499,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after buying an additional 8,521,936 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its position in 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 acquiring an additional 382,231,120 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NVIDIA by 2.9% in the 1st 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 during the period. Goldman Sachs Group Inc. raised its position in shares of NVIDIA by 123.5% in the 1st 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 in the last quarter. Finally, Nuveen LLC bought a new position in shares of NVIDIA in the 1st quarter worth $15,089,414,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,949,931 shares of company stock worth $531,605,955 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 0.5%

NASDAQ:NVDA opened at $182.41 on Friday. The company has a market capitalization of $4.43 trillion, a P/E ratio of 45.26, a PEG ratio of 0.90 and a beta of 2.29. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The firm has a fifty day simple moving average of $187.13 and a 200-day simple moving average of $172.08.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same quarter last year, the business posted $0.81 EPS. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. On average, equities research analysts anticipate 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. Investors of record on Thursday, December 4th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is 0.99%.

Analyst Ratings Changes

Several equities analysts have issued reports on NVDA shares. New Street Research reiterated a “buy” rating and issued a $307.00 target price on shares of NVIDIA in a research note on Thursday, October 30th. President Capital lifted their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. UBS Group reissued a “buy” rating and set a $235.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, November 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and a consensus price target 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.