Capital Impact Advisors LLC Acquires 12,971 Shares of NVIDIA Corporation $NVDA

Capital Impact Advisors LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 9.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,041 shares of the computer hardware maker’s stock after acquiring an additional 12,971 shares during the quarter. NVIDIA accounts for 7.0% of Capital Impact Advisors LLC’s portfolio, making the stock its largest position. Capital Impact Advisors LLC’s holdings in NVIDIA were worth $23,142,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. acquired a new stake in NVIDIA in the 2nd quarter valued at $28,000. Winnow Wealth LLC bought a new position in NVIDIA in the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC grew its holdings 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 worth $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the second quarter worth $40,000. Finally, Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. CICC Research lifted their price target on shares of NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Oppenheimer reissued an “outperform” rating and set a $265.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Arete Research boosted their target price on NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $240.00 target price (up previously from $210.00) on shares of NVIDIA in a research note on Friday, October 31st. Finally, Rothschild & Co Redburn increased their target price on NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $258.65.

Insider Buying and Selling at NVIDIA

In other news, EVP Debora Shoquist sold 80,000 shares of the firm’s stock in a transaction dated 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 owned 1,574,443 shares of the company’s stock, valued at $290,720,899.95. This trade represents a 4.84% 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, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $176.96, for a total transaction of $13,272,000.00. Following the completion of the transaction, the chief executive officer owned 71,308,203 shares in the company, valued at $12,618,699,602.88. This trade represents a 0.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,829,474 shares of company stock worth $512,805,367. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $175.02 on Friday. The firm’s 50-day moving average price is $186.69 and its two-hundred day moving average price is $173.81. The stock has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 43.43, a PEG ratio of 0.86 and a beta of 2.29. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 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 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 for the quarter was up 62.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 EPS. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is 0.99%.

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.