Dynamic Technology Lab Private Ltd Makes New $2.53 Million Investment in NVIDIA Corporation $NVDA

Dynamic Technology Lab Private Ltd acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,009 shares of the computer hardware maker’s stock, valued at approximately $2,529,000. NVIDIA accounts for 0.3% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 27th biggest position.

Several other hedge funds have also made changes to their positions in NVDA. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA in the second quarter valued at approximately $28,000. Winnow Wealth LLC purchased a new position in NVIDIA in the 2nd quarter valued at $32,000. Spurstone Advisory Services LLC acquired a new position in NVIDIA in the 2nd quarter valued at $40,000. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the 2nd quarter worth $55,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction 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 directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.42, for a total value 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 $12,646,350,673.26. This represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,149,931 shares of company stock valued at $569,165,455. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BNP Paribas Exane boosted their price target on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. TD Cowen boosted their target price on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Barclays raised their price target on NVIDIA from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Truist Financial upped their price objective on NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Rosenblatt Securities increased their price objective on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Four 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 issued a Sell rating to the company. According to MarketBeat, NVIDIA presently has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $184.97 on Wednesday. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $187.17 and its 200 day moving average price is $173.11. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The stock 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 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 during 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%. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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