Catalyst Funds Management Pty Ltd Has $10.17 Million Position in NVIDIA Corporation $NVDA

Catalyst Funds Management Pty Ltd lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 46.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,358 shares of the computer hardware maker’s stock after selling 56,842 shares during the period. NVIDIA comprises approximately 2.8% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 2nd largest holding. Catalyst Funds Management Pty Ltd’s holdings in NVIDIA were worth $10,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Howe & Rusling Inc. increased its stake in shares of NVIDIA by 3.3% during the second quarter. Howe & Rusling Inc. now owns 174,871 shares of the computer hardware maker’s stock valued at $27,628,000 after buying an additional 5,646 shares during the period. Lionshead Wealth Management LLC boosted its holdings in NVIDIA by 5.1% in the second quarter. Lionshead Wealth Management LLC now owns 9,606 shares of the computer hardware maker’s stock valued at $1,518,000 after acquiring an additional 463 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its position in NVIDIA by 55.9% during the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 137,667 shares of the computer hardware maker’s stock valued at $21,750,000 after purchasing an additional 49,342 shares during the period. Miller Financial Services LLC lifted its position in shares of NVIDIA by 9.0% in the 2nd quarter. Miller Financial Services LLC now owns 4,557 shares of the computer hardware maker’s stock worth $720,000 after purchasing an additional 377 shares during the period. Finally, Winnow Wealth LLC bought a new stake in shares of NVIDIA during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 0.3%

Shares of NVIDIA stock opened at $184.97 on Wednesday. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The business has a 50-day moving average price of $187.17 and a 200-day moving average price of $173.11. The firm has a market cap of $4.49 trillion, a price-to-earnings ratio of 45.90, a PEG ratio of 0.91 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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. The company had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Insider Buying and Selling

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,149,931 shares of company stock worth $569,165,455. Corporate insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. Robert W. Baird set a $275.00 price objective on NVIDIA and gave the company an “outperform” rating in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a research report on Thursday, November 20th. Wolfe Research increased their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Rothschild & Co Redburn lifted their price objective on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $258.65.

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.