NVIDIA Corporation $NVDA is Bank of New Hampshire’s 10th Largest Position

Bank of New Hampshire cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,676 shares of the computer hardware maker’s stock after selling 3,146 shares during the period. NVIDIA accounts for 2.1% of Bank of New Hampshire’s holdings, making the stock its 10th biggest position. Bank of New Hampshire’s holdings in NVIDIA were worth $9,082,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at NVIDIA

In related news, Director A Brooke Seawell sold 12,728 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total transaction of $2,341,061.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Debora Shoquist sold 69,840 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $177.85, for a total value of $12,421,044.00. Following the completion of the sale, the executive vice president owned 1,424,603 shares of the company’s stock, valued at approximately $253,365,643.55. This represents a 4.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,679,474 shares of company stock worth $487,070,117. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 3.8%

Shares of NASDAQ:NVDA opened at $170.94 on Thursday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The stock’s fifty day simple moving average is $186.00 and its 200-day simple moving average is $174.63. The company has a market capitalization of $4.15 trillion, a P/E ratio of 42.42, a P/E/G ratio of 0.87 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.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 EPS. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company 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 $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of analyst reports. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. BNP Paribas Exane lifted their target price on shares of NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Benchmark boosted their price target on shares of NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. DZ Bank restated a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Tuesday, December 9th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average target price of $258.65.

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.