Brucke Financial Inc. Buys 3,794 Shares of NVIDIA Corporation $NVDA

Brucke Financial Inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 12.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,064 shares of the computer hardware maker’s stock after buying an additional 3,794 shares during the period. NVIDIA accounts for approximately 4.2% of Brucke Financial Inc.’s holdings, making the stock its 2nd biggest holding. Brucke Financial Inc.’s holdings in NVIDIA were worth $7,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Citizens Business Bank raised its position in shares of NVIDIA by 5.1% in the 3rd quarter. Citizens Business Bank now owns 179,393 shares of the computer hardware maker’s stock worth $33,471,000 after buying an additional 8,676 shares during the period. Headwater Capital Co Ltd purchased a new stake in NVIDIA during the third quarter valued at about $18,658,000. Sumitomo Life Insurance Co. increased its stake in NVIDIA by 1.2% during the third quarter. Sumitomo Life Insurance Co. now owns 552,487 shares of the computer hardware maker’s stock worth $103,083,000 after acquiring an additional 6,403 shares during the last quarter. SeaTown Holdings Pte. Ltd. increased its stake in NVIDIA by 8.2% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 92,467 shares of the computer hardware maker’s stock worth $17,252,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Second Half Financial Partners LLC raised its holdings in shares of NVIDIA by 1.3% in the 3rd quarter. Second Half Financial Partners LLC now owns 10,325 shares of the computer hardware maker’s stock worth $1,926,000 after purchasing an additional 129 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company reiterated an “overweight” rating on shares of NVIDIA in a report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Thursday, February 26th. Susquehanna boosted their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday, November 20th. Argus reiterated a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $240.00 price objective on shares of NVIDIA in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $273.64.

Read Our Latest Stock Report on NVIDIA

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NVIDIA Trading Up 1.2%

NVDA opened at $184.77 on Wednesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The stock has a market capitalization of $4.49 trillion, a PE ratio of 37.71, a P/E/G ratio of 0.62 and a beta of 2.33. The firm’s fifty day moving average price is $185.60 and its 200 day moving average price is $184.06.

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

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total value of $4,856,900.80. Following the completion of the transaction, the chief financial officer owned 846,772 shares in the company, valued at approximately $148,794,775.84. This trade represents a 3.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were 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 owned 3,618,547 shares of the company’s stock, valued at $651,483,201.88. This trade represents a 5.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,168,120 shares of company stock valued at $210,900,814 in the last three months. Corporate 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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