NVIDIA Corporation $NVDA is Blue Whale Capital LLP’s Largest Position

Blue Whale Capital LLP lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 12.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,264,528 shares of the computer hardware maker’s stock after selling 176,504 shares during the period. NVIDIA makes up 13.1% of Blue Whale Capital LLP’s investment portfolio, making the stock its largest position. Blue Whale Capital LLP’s holdings in NVIDIA were worth $199,783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $28,000. Winnow Wealth LLC bought a new position in NVIDIA in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC increased its stake in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new stake in NVIDIA during the second quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in 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 last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Benchmark increased their price objective on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Wolfe Research lifted 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. Zacks Research raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $258.65.

NVIDIA Trading Down 0.6%

NVDA opened at $183.78 on Thursday. The firm has a market capitalization of $4.47 trillion, a price-to-earnings ratio of 45.60, a PEG ratio of 0.91 and a beta of 2.29. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The business has a 50 day simple moving average of $187.10 and a two-hundred day simple moving average of $173.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. 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%.

Insider Transactions at NVIDIA

In related news, EVP Debora Shoquist sold 80,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the sale, the executive vice president directly owned 1,654,443 shares in the company, valued at $305,492,899.95. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,029,931 shares of company stock worth $548,443,455 over the last quarter. Insiders own 4.17% of the company’s stock.

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.