NVIDIA Corporation $NVDA is Blue Whale Capital LLP’s Largest Position

Blue Whale Capital LLP trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA) by 12.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,264,528 shares of the computer hardware maker’s stock after selling 176,504 shares during the quarter. NVIDIA comprises 13.1% of Blue Whale Capital LLP’s holdings, making the stock its biggest position. Blue Whale Capital LLP’s holdings in NVIDIA were worth $199,783,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA in the second quarter worth $28,000. Winnow Wealth LLC bought a new position in NVIDIA in the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC raised its position in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the second quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. increased its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the transaction, the chief executive officer owned 71,683,203 shares of the company’s stock, valued at approximately $12,646,350,673.26. This represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,029,931 shares of company stock worth $548,443,455 in the last ninety days. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Down 0.6%

NASDAQ NVDA opened at $183.78 on Thursday. The stock has a market cap of $4.47 trillion, a PE ratio of 45.60, a PEG ratio of 0.91 and a beta of 2.29. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company’s 50-day moving average price is $187.10 and its 200-day moving average price is $173.19. 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 (NASDAQ:NVDA) last announced its quarterly earnings data 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 analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared 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. The ex-dividend date 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 presently 0.99%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NVDA. Melius Research boosted their price objective on NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Jefferies Financial Group reissued a “buy” rating and issued a $250.00 price objective (up from $240.00) on shares of NVIDIA in a research note on Thursday, November 20th. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. BNP Paribas Exane lifted their price objective on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Finally, Evercore ISI set a $352.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a research report on Thursday, November 20th. Four analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average 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.