100,977 Shares in NVIDIA Corporation $NVDA Acquired by Premier Fund Managers Ltd

Premier Fund Managers Ltd bought a new stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 100,977 shares of the computer hardware maker’s stock, valued at approximately $18,360,000.

Several other institutional investors have also added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter worth $28,000. Winnow Wealth LLC purchased a new position in NVIDIA during the second quarter valued at $32,000. Longfellow Investment Management Co. LLC grew its holdings in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in NVIDIA during the second quarter valued at about $40,000. Finally, Sellwood Investment Partners LLC purchased a new stake in NVIDIA in the third quarter worth about $50,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 2.7%

Shares of NVDA opened at $182.65 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a 50 day simple moving average of $185.66 and a two-hundred day simple moving average of $184.01. The firm has a market cap of $4.44 trillion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 0.60 and a beta of 2.33.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was up 73.2% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.82%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVDA. Seaport Research Partners lifted their price objective on NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a research report on Monday, November 17th. Wedbush increased their target price on shares of NVIDIA from $230.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada raised their target price on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Fundamental Research set a $218.00 price target on shares of NVIDIA in a report on Thursday, February 26th. Finally, Rosenblatt Securities increased their price objective on shares of NVIDIA from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and an average price target of $273.64.

View Our Latest Stock Report on NVIDIA

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the completion of the transaction, the chief financial officer owned 1,286,826 shares in the company, valued at $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay K. Puri sold 200,000 shares of NVIDIA stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $180.04, for a total value of $36,008,000.00. Following the completion of the sale, the executive vice president directly owned 3,618,547 shares in the company, valued at $651,483,201.88. This trade represents a 5.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,168,120 shares of company stock worth $210,900,814. Insiders own 4.17% of the company’s stock.

Trending Headlines about NVIDIA

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About NVIDIA

(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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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