Blue Fin Capital Inc. Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

Blue Fin Capital Inc. lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,884 shares of the computer hardware maker’s stock after selling 747 shares during the period. NVIDIA accounts for about 3.8% of Blue Fin Capital Inc.’s investment portfolio, making the stock its 5th biggest holding. Blue Fin Capital Inc.’s holdings in NVIDIA were worth $9,939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in NVIDIA by 7.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker’s stock worth $8,629,991,000 after buying an additional 3,813,087 shares during the last quarter. State Street Corp grew its position in NVIDIA by 1.8% in the second quarter. State Street Corp now owns 97,842,783 shares of the computer hardware maker’s stock worth $14,835,689,000 after buying an additional 1,743,632 shares during the last quarter. Sands Capital Management LLC acquired a new position in NVIDIA in the second quarter worth approximately $221,865,000. Amundi grew its position in NVIDIA by 11.0% in the second quarter. Amundi now owns 9,819,084 shares of the computer hardware maker’s stock worth $1,508,957,000 after buying an additional 976,365 shares during the last quarter. Finally, Findlay Park Partners LLP grew its position in NVIDIA by 245.8% in the second quarter. Findlay Park Partners LLP now owns 1,260,863 shares of the computer hardware maker’s stock worth $191,134,000 after buying an additional 896,255 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 293 shares of the stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $165.80, for a total value of $48,579.40. Following the transaction, the director now directly owns 2,417 shares in the company, valued at $400,738.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Mark A. Stevens sold 60,000 shares of the stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the transaction, the director now directly owns 2,250,193 shares in the company, valued at $371,484,362.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 293 shares of the stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $165.80, for a total transaction of $48,579.40. Following the completion of the transaction, the director now owns 2,417 shares in the company, valued at $400,738.60. The disclosure for this sale can be found here. Insiders have sold 227,787 shares of company stock worth $36,844,997 over the last ninety days. Company insiders own 4.04% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $178.39 on Monday. The firm’s 50-day moving average is $161.00 and its 200-day moving average is $153.30. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $289.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.74 and a current ratio of 3.39. The company has a market cap of $444.19 billion, a price-to-earnings ratio of 75.91, a PEG ratio of 6.77 and a beta of 1.77.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.82 billion. NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Equities research analysts anticipate that NVIDIA Co. will post 2.19 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, November 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. NVIDIA’s payout ratio is 6.81%.

Analysts Set New Price Targets

Several equities analysts have weighed in on NVDA shares. Raymond James lowered their price objective on shares of NVIDIA from $210.00 to $190.00 and set a “strong-buy” rating on the stock in a research report on Thursday, November 17th. Susquehanna lifted their price objective on shares of NVIDIA from $180.00 to $185.00 and gave the stock a “positive” rating in a research report on Thursday, November 17th. Stifel Nicolaus lifted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, November 17th. Tigress Financial lowered their price objective on shares of NVIDIA from $310.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, December 8th. Finally, Oppenheimer lowered their price objective on shares of NVIDIA from $250.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.80.

NVIDIA Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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