Generate Investment Management Ltd Has $104.49 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Generate Investment Management Ltd lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 49.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 964,113 shares of the computer hardware maker’s stock after buying an additional 317,512 shares during the quarter. NVIDIA comprises approximately 7.3% of Generate Investment Management Ltd’s investment portfolio, making the stock its 2nd biggest holding. Generate Investment Management Ltd’s holdings in NVIDIA were worth $104,491,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new stake in NVIDIA in the 4th quarter valued at $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at $38,000. Copia Wealth Management acquired a new stake in NVIDIA during the fourth quarter worth approximately $50,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter worth $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, the chief executive officer directly owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. The trade was 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 A Brooke Seawell sold 48,792 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total transaction of $7,999,936.32. Following the completion of the sale, the director directly owned 1,729,478 shares of the company’s stock, valued at $283,565,212.88. The trade was a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,767,150 shares of company stock worth $701,030,045 in the last 90 days. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on NVDA shares. Citigroup upped their price target on shares of NVIDIA from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Raymond James Financial upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. Bank of America upped their price target on NVIDIA from $180.00 to $220.00 in a research report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.22.

NVIDIA Price Performance

NVIDIA stock opened at $171.37 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The company has a market cap of $4.18 trillion, a P/E ratio of 55.28, a price-to-earnings-growth ratio of 1.51 and a beta of 2.13. NVIDIA Corporation has a one year low of $86.62 and a one year high of $172.40. The business has a fifty day moving average of $144.76 and a two-hundred day moving average of $129.39.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is presently 1.29%.

NVIDIA 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.