Trivest Advisors Ltd Buys 1,000,000 Shares of NVIDIA Corporation $NVDA

Trivest Advisors Ltd increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 74.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,340,360 shares of the computer hardware maker’s stock after purchasing an additional 1,000,000 shares during the period. NVIDIA makes up approximately 13.9% of Trivest Advisors Ltd’s investment portfolio, making the stock its largest holding. Trivest Advisors Ltd’s holdings in NVIDIA were worth $436,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Intrust Bank NA lifted its stake in NVIDIA by 0.9% in the third quarter. Intrust Bank NA now owns 191,791 shares of the computer hardware maker’s stock valued at $35,784,000 after buying an additional 1,699 shares during the period. EDENTREE ASSET MANAGEMENT Ltd grew its position in shares of NVIDIA by 1,355.9% during the 3rd quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 4,950 shares of the computer hardware maker’s stock worth $924,000 after buying an additional 4,610 shares during the period. Advyzon Investment Management LLC grew its position in shares of NVIDIA by 9.5% during the 3rd quarter. Advyzon Investment Management LLC now owns 54,146 shares of the computer hardware maker’s stock worth $10,103,000 after buying an additional 4,691 shares during the period. White Pine Capital LLC raised its position in shares of NVIDIA by 0.4% in the 3rd quarter. White Pine Capital LLC now owns 21,233 shares of the computer hardware maker’s stock valued at $3,962,000 after acquiring an additional 80 shares during the period. Finally, Siligmueller & Norvid Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $2,134,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 2.7%

Shares of NVDA stock opened at $182.65 on Tuesday. The firm has a fifty day moving average of $185.66 and a 200-day moving average of $184.01. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 0.60 and a beta of 2.33.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued 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 Wednesday, March 11th. NVIDIA’s payout ratio is 0.82%.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 222,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $180.17, for a total value of $40,087,825.00. Following the sale, the director owned 7,621,453 shares of the company’s stock, valued at approximately $1,373,157,187.01. This trade represents a 2.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were 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. The trade was a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,168,120 shares of company stock valued at $210,900,814. 4.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVDA shares. TD Cowen restated a “buy” rating and set a $235.00 price objective on shares of NVIDIA in a report on Thursday, February 26th. Wolfe Research increased their target price on shares of NVIDIA from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. William Blair reissued an “outperform” rating on shares of NVIDIA in a research report on Tuesday, January 6th. Argus reissued a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Finally, Wedbush upped their price objective on shares of NVIDIA from $230.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $273.64.

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NVIDIA News Summary

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NVIDIA Profile

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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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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