BlueCrest Capital Management Ltd Invests $102.69 Million in NVIDIA Corporation $NVDA

BlueCrest Capital Management Ltd acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 649,956 shares of the computer hardware maker’s stock, valued at approximately $102,687,000. NVIDIA makes up approximately 3.9% of BlueCrest Capital Management Ltd’s investment portfolio, making the stock its 5th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA in the second quarter valued at about $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC raised its stake in NVIDIA by 47.9% during the 2nd 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 acquired a new stake in NVIDIA during the 2nd quarter worth approximately $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in shares of NVIDIA in the 2nd quarter valued at approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NVIDIA news, EVP Debora Shoquist sold 80,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total value of $14,772,000.00. Following the transaction, the executive vice president directly owned 1,574,443 shares in the company, valued at approximately $290,720,899.95. This represents a 4.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,829,474 shares of company stock worth $512,805,367. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several analyst reports. DZ Bank restated a “buy” rating on shares of NVIDIA in a research note on Thursday, November 20th. Wells Fargo & Company restated an “overweight” rating and set a $265.00 price objective (up previously from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. S&P Equity Research restated a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. 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 note on Thursday, November 20th. Finally, Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Stock Performance

NASDAQ NVDA opened at $175.02 on Friday. The company has a market capitalization of $4.25 trillion, a P/E ratio of 43.43, a PEG ratio of 0.89 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 1-year low of $86.62 and a 1-year high of $212.19. The business has a 50 day moving average price of $186.69 and a 200 day moving average price of $173.54.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion for 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 revenue was up 62.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 issued 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%.

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.