Caxton Associates LLP Has $139.06 Million Holdings in NVIDIA Corporation $NVDA

Caxton Associates LLP increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 30.0% during the second quarter, HoldingsChannel reports. The firm owned 880,160 shares of the computer hardware maker’s stock after acquiring an additional 203,090 shares during the period. NVIDIA comprises approximately 3.5% of Caxton Associates LLP’s portfolio, making the stock its 5th biggest holding. Caxton Associates LLP’s holdings in NVIDIA were worth $139,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC raised its stake in NVIDIA by 267,959.7% in 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 during the period. Norges Bank bought a new position in NVIDIA during the second quarter worth about $51,386,863,000. Nuveen LLC purchased a new position in shares of NVIDIA in the first quarter worth about $15,089,414,000. Goldman Sachs Group Inc. raised its position 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 valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after buying an additional 21,725,326 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Down 3.3%

Shares of NVDA opened at $175.02 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a market capitalization of $4.25 trillion, a P/E ratio of 43.43, a P/E/G ratio of 0.86 and a beta of 2.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The firm’s 50 day simple moving average is $186.69 and its 200 day simple moving average is $173.81.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total value of $14,772,000.00. Following the completion of the sale, the executive vice president owned 1,574,443 shares of the company’s stock, valued at $290,720,899.95. This represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $176.96, for a total transaction of $13,272,000.00. Following the transaction, the chief executive officer owned 71,308,203 shares in the company, valued at $12,618,699,602.88. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,829,474 shares of company stock valued at $512,805,367 over the last quarter. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. President Capital lifted their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Robert W. Baird set a $275.00 price target on NVIDIA and gave the stock an “outperform” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Wells Fargo & Company reissued an “overweight” rating and set a $265.00 price objective (up previously from $220.00) on shares of NVIDIA in a report on Friday, November 14th. Finally, S&P Equity Research restated a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Four investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $258.65.

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.