AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,453,881 shares of the computer hardware maker’s stock after buying an additional 23,321 shares during the quarter. NVIDIA accounts for approximately 7.0% of AEGON ASSET MANAGEMENT UK Plc’s holdings, making the stock its 2nd largest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in NVIDIA were worth $545,230,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. boosted its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter worth $51,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 2nd quarter valued at $55,000. Campbell Capital Management Inc. boosted its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares during the period. Finally, Westend Capital Management LLC increased its holdings in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after purchasing an additional 145 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Performance
NASDAQ NVDA opened at $188.15 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The stock has a market cap of $4.57 trillion, a PE ratio of 53.60, a P/E/G ratio of 1.49 and a beta of 2.11. The firm has a 50-day moving average of $183.43 and a 200-day moving average of $162.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.
Analyst Ratings Changes
Several research analysts have recently weighed in on NVDA shares. Seaport Global Securities reaffirmed a “sell” rating on shares of NVIDIA in a research report on Wednesday, October 29th. New Street Research reaffirmed a “buy” rating and set a $307.00 price target on shares of NVIDIA in a research report on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Finally, UBS Group set a $235.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $233.75.
Read Our Latest Stock Analysis on NVDA
Insider Buying and Selling at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the sale, the chief executive officer owned 72,698,366 shares of the company’s stock, valued at approximately $12,333,277,791.90. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,476,577 shares of company stock valued at $623,934,187 in the last ninety days. 4.17% of the stock is currently owned by corporate insiders.
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.
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