NVIDIA Corporation $NVDA Position Increased by Empowered Funds LLC

Empowered Funds LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 29.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,231,836 shares of the computer hardware maker’s stock after buying an additional 283,284 shares during the period. NVIDIA accounts for 2.2% of Empowered Funds LLC’s holdings, making the stock its biggest position. Empowered Funds LLC’s holdings in NVIDIA were worth $194,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Harbor Asset Planning Inc. purchased a new stake in NVIDIA during the 2nd quarter valued at about $28,000. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the second quarter worth about $40,000. Kathleen S. Wright Associates Inc. lifted 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 worth $44,000 after purchasing an additional 254 shares during the period. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the second quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. increased its holdings 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 buying an additional 590 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

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 transaction of $5,758,241.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 12,728 shares of the stock in a transaction on Tuesday, December 2nd. The shares were 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 a total of 2,874,931 shares of company stock valued at $518,877,705 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NVDA shares. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. Morgan Stanley upped their price target on shares of NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 1st. KeyCorp increased their price target on NVIDIA from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Craig Hallum boosted their price objective on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, CICC Research upped their target price on NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $258.65.

NVIDIA Stock Down 0.5%

NVIDIA stock opened at $182.41 on Monday. 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 stock has a market capitalization of $4.43 trillion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 0.90 and a beta of 2.29. The business has a 50 day simple moving average of $187.13 and a 200-day simple moving average of $172.37. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter last year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 62.5% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.