FORA Capital LLC Acquires Shares of 101,834 NVIDIA Corporation $NVDA

FORA Capital LLC purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 101,834 shares of the computer hardware maker’s stock, valued at approximately $16,089,000. NVIDIA comprises 1.8% of FORA Capital LLC’s holdings, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Center for Financial Planning Inc. increased its position in shares of NVIDIA by 4.6% in the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after buying an additional 367 shares in the last quarter. Atria Investments Inc grew its stake in NVIDIA by 3.2% in the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock valued at $148,859,000 after acquiring an additional 29,479 shares during the period. Fielder Capital Group LLC raised its position in shares of NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after purchasing an additional 4,444 shares during the period. MADDEN SECURITIES Corp lifted its holdings in shares of NVIDIA by 3.2% during the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Finally, ORG Wealth Partners LLC raised its holdings in NVIDIA by 7.7% during the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after buying an additional 3,542 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 3.3%

NVDA opened at $175.02 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The firm 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’s 50 day moving average price is $186.69 and its two-hundred day moving average price is $173.81.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 return on equity of 99.24% and a net margin of 53.01%.The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the previous year, the business earned $0.81 EPS. The firm’s revenue was up 62.5% compared to the same quarter last year. As a group, research analysts predict 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 paid 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 is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

Insiders Place Their Bets

In other NVIDIA news, Director A Brooke Seawell sold 12,728 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total value of $2,341,061.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 30,500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was 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 directly owned 1,286,826 shares of the company’s stock, valued at approximately $229,196,578.86. This represents a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,829,474 shares of company stock valued at $512,805,367. Company insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. Citigroup increased their target price on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. BNP Paribas Exane lifted their price target on shares of NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. DZ Bank reaffirmed a “buy” rating on shares of NVIDIA in a report on Thursday, November 20th. Finally, Argus reiterated a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.