NVIDIA Corporation $NVDA Shares Acquired by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,277 shares of the computer hardware maker’s stock after buying an additional 4,815 shares during the period. NVIDIA comprises approximately 4.0% of EFG Asset Management Americas Corp.’s investment portfolio, making the stock its 2nd largest holding. EFG Asset Management Americas Corp.’s holdings in NVIDIA were worth $21,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the second quarter worth about $28,000. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the 2nd quarter worth about $40,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 2nd quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. increased its stake 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 in the last quarter. Finally, Westend Capital Management LLC raised its holdings in shares of NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was 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. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA 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 directly owned 71,683,203 shares of the company’s stock, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,149,931 shares of company stock worth $569,165,455. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

NASDAQ:NVDA opened at $184.97 on Wednesday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The stock’s fifty day moving average is $187.17 and its two-hundred day moving average is $173.11. The company has a market capitalization of $4.49 trillion, a P/E ratio of 45.90, a P/E/G ratio of 0.91 and a beta of 2.29. 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 (NASDAQ:NVDA) last issued its quarterly earnings data 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 firm had revenue of $57.01 billion during 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%.The company’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the subject of several research reports. New Street Research reiterated a “buy” rating and set a $307.00 price target on shares of NVIDIA in a research report on Thursday, October 30th. Evercore ISI set a $352.00 target price on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Seaport Global Securities increased their target price on shares of NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a research report on Monday, November 17th. Rosenblatt Securities raised their price target on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Loop Capital upped their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Four research 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $258.65.

About NVIDIA

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.