Greenup Street Wealth Management LLC Boosts Stake in NVIDIA Corporation $NVDA

Greenup Street Wealth Management LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,487 shares of the computer hardware maker’s stock after buying an additional 2,797 shares during the quarter. NVIDIA accounts for approximately 1.5% of Greenup Street Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Greenup Street Wealth Management LLC’s holdings in NVIDIA were worth $9,793,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after purchasing an additional 9,554,857 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after buying an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its holdings in shares of NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Norges Bank bought a new position in NVIDIA during the second quarter valued at about $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after buying an additional 5,896,735 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA opened at $188.85 on Monday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The stock’s 50-day simple moving average is $186.62 and its 200 day simple moving average is $178.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The stock has a market capitalization of $4.59 trillion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 0.92 and a beta of 2.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share 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 business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 62.5% compared to the same quarter last year. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is currently 0.99%.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Analysts Set New Price Targets

A number of research firms have weighed in on NVDA. JPMorgan Chase & Co. increased their target price on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Citic Securities increased their price objective on NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Raymond James Financial set a $272.00 target price on NVIDIA and gave the stock a “strong-buy” rating in a research report on Thursday, November 20th. Loop Capital upped their price target on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Argus reissued a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. Five 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $262.14.

Read Our Latest Stock Report on NVIDIA

Insider Activity

In other news, EVP Debora Shoquist sold 80,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the completion of the transaction, the executive vice president directly owned 1,574,443 shares in the company, valued at $290,720,899.95. The trade was a 4.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the sale, the director owned 6,933,280 shares in the company, valued at $1,229,478,542.40. This trade represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,861,474 shares of company stock valued at $340,422,492 in the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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