NVIDIA Corporation $NVDA Shares Bought by Choreo LLC

Choreo LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 889,680 shares of the computer hardware maker’s stock after purchasing an additional 25,465 shares during the period. NVIDIA makes up approximately 1.9% of Choreo LLC’s investment portfolio, making the stock its 10th largest holding. Choreo LLC’s holdings in NVIDIA were worth $140,568,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA during the 2nd quarter worth about $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA during the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC raised its holdings in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter worth approximately $40,000. Finally, Legend Financial Advisors Inc. bought a new position in NVIDIA during the 2nd quarter valued at $55,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA opened at $183.78 on Thursday. The company has a 50-day moving average of $187.10 and a two-hundred day moving average of $173.19. The stock has a market cap of $4.47 trillion, a price-to-earnings ratio of 45.60, a PEG ratio of 0.91 and a beta of 2.29. 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 Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The firm’s revenue was up 62.5% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date 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 is presently 0.99%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research reports. Seaport Global Securities boosted their price objective on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a research note on Monday, November 17th. Barclays boosted their price target on shares of NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Robert W. Baird set a $275.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a research report on Thursday, November 20th. Arete Research lifted their price objective on shares of NVIDIA from $244.00 to $261.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $258.65.

Insiders Place Their Bets

In other news, Director John Dabiri sold 626 shares of NVIDIA stock in a transaction on Monday, November 24th. The stock was sold at an average price of $179.42, for a total transaction of $112,316.92. Following the transaction, the director owned 17,792 shares in the company, valued at approximately $3,192,240.64. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 12,728 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $183.93, for a total value of $2,341,061.04. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,029,931 shares of company stock valued at $548,443,455 over the last quarter. 4.17% of the stock is owned by insiders.

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.