NVIDIA Corporation $NVDA Shares Acquired by Bamco Inc. NY

Bamco Inc. NY increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,889,282 shares of the computer hardware maker’s stock after buying an additional 17,221 shares during the period. NVIDIA comprises approximately 1.2% of Bamco Inc. NY’s holdings, making the stock its 16th biggest holding. Bamco Inc. NY’s holdings in NVIDIA were worth $456,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA in the 2nd quarter valued at approximately $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA in the second quarter worth $32,000. Longfellow Investment Management Co. LLC boosted 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 position in NVIDIA during the 2nd quarter worth $40,000. Finally, Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% in the 1st 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. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction of $44,052,500.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, September 26th. The shares were sold at an average price of $176.96, for a total value of $13,272,000.00. Following the completion of the transaction, the chief executive officer owned 71,308,203 shares of the company’s stock, valued at $12,618,699,602.88. This trade represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,829,474 shares of company stock valued at $512,805,367. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $175.02 on Friday. The firm has a market capitalization of $4.25 trillion, a PE ratio of 43.43, a P/E/G ratio of 0.89 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. The firm has a 50-day moving average price of $186.69 and a 200 day moving average price of $173.54. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research analyst reports. S&P Equity Research reaffirmed a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Wells Fargo & Company reiterated an “overweight” rating and issued a $265.00 price target (up from $220.00) on shares of NVIDIA in a report on Friday, November 14th. Seaport Global Securities raised 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. Finally, Rosenblatt Securities lifted their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. 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 given a Sell rating to the company. According to MarketBeat.com, NVIDIA presently has an average 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.