NVIDIA Corporation $NVDA Shares Acquired by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 300.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,700 shares of the computer hardware maker’s stock after buying an additional 143,800 shares during the period. NVIDIA accounts for approximately 21.2% of Central Asset Investments & Management Holdings HK Ltd’s holdings, making the stock its biggest position. Central Asset Investments & Management Holdings HK Ltd’s holdings in NVIDIA were worth $30,287,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Harbor Asset Planning Inc. acquired a new position in NVIDIA during the 2nd quarter valued at approximately $28,000. Spurstone Advisory Services LLC bought a new stake in NVIDIA in the second quarter valued at $40,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the second quarter valued at $55,000. Kathleen S. Wright Associates Inc. boosted its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Finally, Westend Capital Management LLC increased its holdings in shares of NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after acquiring an additional 145 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $182.41 on Friday. 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 firm’s 50 day moving average is $187.13 and its 200-day moving average is $171.82. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The stock has a market capitalization of $4.43 trillion, a P/E ratio of 45.26, a P/E/G ratio of 0.90 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating 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 business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the business posted $0.81 earnings per share. NVIDIA’s revenue was up 62.5% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were 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 $1,265,765,768.80. The trade was a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,949,931 shares of company stock worth $531,605,955. 4.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of analyst reports. CICC Research boosted their target price on shares of NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research report on Thursday, November 20th. Wells Fargo & Company restated an “overweight” rating and issued a $265.00 target price (up from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Rosenblatt Securities boosted their price target on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $258.65.

NVIDIA Company 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.