Caxton Associates LLP Boosts Stock Holdings in NVIDIA Corporation $NVDA

Caxton Associates LLP increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 30.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 880,160 shares of the computer hardware maker’s stock after buying an additional 203,090 shares during the period. NVIDIA accounts for 3.5% of Caxton Associates LLP’s holdings, making the stock its 5th biggest holding. Caxton Associates LLP’s holdings in NVIDIA were worth $139,056,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NVDA. Castleark Management LLC grew its holdings in NVIDIA by 26.2% during the 2nd quarter. Castleark Management LLC now owns 1,418,598 shares of the computer hardware maker’s stock worth $224,124,000 after acquiring an additional 294,838 shares during the period. Second Line Capital LLC increased its holdings in NVIDIA by 8.4% in the second quarter. Second Line Capital LLC now owns 43,350 shares of the computer hardware maker’s stock worth $6,849,000 after purchasing an additional 3,361 shares in the last quarter. Rexford Capital Inc. acquired a new position in NVIDIA in the second quarter valued at approximately $2,931,000. Goodman Advisory Group LLC boosted its holdings in shares of NVIDIA by 2,091.3% during the 2nd quarter. Goodman Advisory Group LLC now owns 69,880 shares of the computer hardware maker’s stock worth $11,040,000 after buying an additional 66,691 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. grew its position in shares of NVIDIA by 13.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 1,043,843 shares of the computer hardware maker’s stock worth $164,781,000 after buying an additional 120,474 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and set a $265.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Susquehanna increased their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research report on Thursday, November 20th. BNP Paribas Exane raised their target price on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, KeyCorp boosted their target price on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $258.65.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $178.11, for a total value of $5,432,355.00. Following the completion of the sale, the chief financial officer owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the transaction, the director directly owned 7,049,803 shares in the company, valued at approximately $1,281,160,699.19. This represents a 4.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,829,474 shares of company stock valued at $512,805,367 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $175.02 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. 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 business has a 50 day moving average price of $186.69 and a 200-day moving average price of $173.81. The company has a market cap of $4.25 trillion, a PE ratio of 43.43, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last announced its 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%.NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is currently 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.