NVIDIA Corporation $NVDA Shares Purchased by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. grew its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 12.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 27,508 shares of the computer hardware maker’s stock after acquiring an additional 3,143 shares during the quarter. NVIDIA comprises 1.1% of Whitaker Myers Wealth Managers LTD.’s investment portfolio, making the stock its 20th largest holding. Whitaker Myers Wealth Managers LTD.’s holdings in NVIDIA were worth $5,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its stake in NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after buying an additional 9,554,857 shares during the period. Geode Capital Management LLC increased its stake in shares of NVIDIA by 1.5% during 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 acquiring an additional 8,521,936 shares during the period. Kingstone Capital Partners Texas LLC increased its stake in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. Norges Bank purchased a new position in NVIDIA during the second quarter worth about $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NVIDIA by 2.9% in the first 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 purchasing an additional 5,896,735 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Trending Headlines about NVIDIA

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Analyst Ratings Changes

Several research analysts have issued reports on the company. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. JPMorgan Chase & Co. increased their price target on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. KeyCorp boosted their price objective on shares of NVIDIA from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a $250.00 target price (up from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Five research 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $262.14.

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Insider Activity at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the transaction, the director owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the sale, the director directly owned 7,049,803 shares in the company, valued at $1,281,160,699.19. This trade represents a 4.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,936,474 shares of company stock valued at $354,356,742 in the last 90 days. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Up 1.3%

NASDAQ NVDA opened at $188.85 on Friday. The company has a market cap of $4.59 trillion, a P/E ratio of 46.86, a P/E/G ratio of 0.91 and a beta of 2.31. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. 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 company has a 50-day moving average of $186.62 and a 200-day moving average of $178.06.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $0.81 earnings per share. The firm’s revenue was up 62.5% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

NVIDIA Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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