CSM Advisors LLC Acquires 11,320 Shares of NVIDIA Corporation $NVDA

CSM Advisors LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 9.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 125,510 shares of the computer hardware maker’s stock after purchasing an additional 11,320 shares during the period. CSM Advisors LLC’s holdings in NVIDIA were worth $19,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its stake in shares of NVIDIA by 267,959.7% in 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 last quarter. Nuveen LLC bought a new stake in shares of NVIDIA during the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. increased its holdings 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 in the last quarter. Amundi raised its position in NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. Finally, Strs Ohio bought a new position in NVIDIA in the 1st quarter worth approximately $1,163,288,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Up 2.1%

Shares of NASDAQ NVDA opened at $183.38 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The stock has a market cap of $4.46 trillion, a P/E ratio of 45.50, a P/E/G ratio of 0.88 and a beta of 2.29. The firm has a 50 day moving average price of $187.05 and a 200 day moving average price of $171.50.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same period last year, the business posted $0.81 earnings per share. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the transaction, the chief financial officer directly owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 12,728 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total value of $2,341,061.04. The SEC filing for this sale provides additional information. Insiders have sold 2,949,931 shares of company stock valued at $531,605,955 over the last ninety days. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. Arete increased their price objective on NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Piper Sandler set a $225.00 price target on NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Oppenheimer reiterated an “outperform” rating and issued a $265.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. New Street Research reissued a “buy” rating and set a $307.00 price objective on shares of NVIDIA in a report on Thursday, October 30th. 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 equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $258.65.

About NVIDIA

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.