Clal Insurance Enterprises Holdings Ltd Buys 214,285 Shares of NVIDIA Corporation $NVDA

Clal Insurance Enterprises Holdings Ltd lifted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 31.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 889,940 shares of the computer hardware maker’s stock after acquiring an additional 214,285 shares during the period. NVIDIA accounts for 1.4% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 21st largest position. Clal Insurance Enterprises Holdings Ltd’s holdings in NVIDIA were worth $140,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Empirical Finance LLC grew its stake in shares of NVIDIA by 1.9% during the second quarter. Empirical Finance LLC now owns 852,382 shares of the computer hardware maker’s stock worth $134,668,000 after acquiring an additional 16,110 shares during the last quarter. Nicholas Wealth LLC. grew its position in NVIDIA by 8.2% during the 2nd quarter. Nicholas Wealth LLC. now owns 25,843 shares of the computer hardware maker’s stock worth $4,083,000 after purchasing an additional 1,951 shares during the last quarter. Talos Eurisko Asset Management LP increased its stake in NVIDIA by 1.0% during the 2nd quarter. Talos Eurisko Asset Management LP now owns 284,400 shares of the computer hardware maker’s stock valued at $44,932,000 after purchasing an additional 2,700 shares in the last quarter. Intrepid Financial Planning Group LLC increased its stake in NVIDIA by 2.1% during the 2nd quarter. Intrepid Financial Planning Group LLC now owns 6,529 shares of the computer hardware maker’s stock valued at $1,032,000 after purchasing an additional 135 shares in the last quarter. Finally, Alteri Wealth LLC raised its holdings in shares of NVIDIA by 0.3% in the second quarter. Alteri Wealth LLC now owns 98,696 shares of the computer hardware maker’s stock worth $15,593,000 after buying an additional 308 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the 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 of the company’s stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the completion of the sale, the chief executive officer owned 71,683,203 shares in the company, valued at approximately $12,646,350,673.26. This trade represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,149,931 shares of company stock worth $569,165,455. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

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 PE ratio of 45.90, a P/E/G ratio of 0.91 and a beta of 2.29.

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

NVIDIA Dividend Announcement

The business 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. This represents a $0.04 annualized dividend 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%.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Jefferies Financial Group reissued a “buy” rating and issued a $250.00 target price (up from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Morgan Stanley increased their price objective on NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Susquehanna lifted their target price on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, November 20th. Daiwa Capital Markets upped their target price on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Wolfe Research raised their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average 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.