Financiere des Professionnels Fonds d investissement inc. Acquires 42,654 Shares of NVIDIA Corporation $NVDA

Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 24.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 218,700 shares of the computer hardware maker’s stock after acquiring an additional 42,654 shares during the period. NVIDIA comprises about 2.3% of Financiere des Professionnels Fonds d investissement inc.’s portfolio, making the stock its 8th largest holding. Financiere des Professionnels Fonds d investissement inc.’s holdings in NVIDIA were worth $40,805,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NVDA. State Street Corp boosted its position in shares of 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 lifted its stake in NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after buying an additional 8,521,936 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its holdings in shares of NVIDIA by 267,959.7% in the second 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 period. Norges Bank acquired a new position in shares of NVIDIA in the second quarter worth about $51,386,863,000. Finally, Legal & General Group Plc increased its position in shares of NVIDIA by 1.5% in the second quarter. Legal & General Group Plc now owns 178,593,475 shares of the computer hardware maker’s stock worth $28,215,983,000 after acquiring an additional 2,623,678 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research note on Thursday, November 20th. Wedbush raised their target price on NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Wolfe Research lifted their price target on NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Benchmark increased their price objective on NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, CICC Research raised their price objective on NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.84.

Get Our Latest Stock Analysis on NVIDIA

NVIDIA Stock Performance

Shares of NVDA stock opened at $186.94 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The stock’s 50-day moving average is $184.26 and its two-hundred day moving average is $180.41. 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 cap of $4.54 trillion, a P/E ratio of 46.39, a PEG ratio of 0.89 and a beta of 2.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly 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. 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 period in the previous year, the company earned $0.81 EPS. The firm’s revenue was up 62.5% on a year-over-year basis. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $185.35, for a total transaction of $13,901,250.00. Following the transaction, the chief executive officer directly owned 69,808,203 shares of the company’s stock, valued at $12,938,950,426.05. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $187.82, for a total value of $37,564,000.00. Following the transaction, the executive vice president owned 3,818,547 shares in the company, valued at approximately $717,199,497.54. This trade represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,734,114 shares of company stock worth $317,034,081 in the last ninety days. Company insiders own 4.17% of the company’s stock.

NVIDIA 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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