NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by IPG Investment Advisors LLC

IPG Investment Advisors LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,495 shares of the computer hardware maker’s stock after purchasing an additional 2,319 shares during the period. NVIDIA accounts for about 4.0% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. IPG Investment Advisors LLC’s holdings in NVIDIA were worth $21,910,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in NVIDIA by 294.8% in the third quarter. Bank of New York Mellon Corp now owns 24,476,208 shares of the computer hardware maker’s stock valued at $5,070,488,000 after buying an additional 18,277,063 shares during the period. Morgan Stanley raised its stake in NVIDIA by 295.5% in the third quarter. Morgan Stanley now owns 18,498,150 shares of the computer hardware maker’s stock valued at $3,832,078,000 after buying an additional 13,821,357 shares during the period. Janus Henderson Group PLC raised its stake in NVIDIA by 288.1% in the third quarter. Janus Henderson Group PLC now owns 17,832,017 shares of the computer hardware maker’s stock valued at $3,694,005,000 after buying an additional 13,237,122 shares during the period. GQG Partners LLC raised its stake in NVIDIA by 307.4% in the third quarter. GQG Partners LLC now owns 15,135,970 shares of the computer hardware maker’s stock valued at $3,135,357,000 after buying an additional 11,420,612 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in NVIDIA by 296.4% in the third quarter. UBS Asset Management Americas Inc. now owns 13,108,247 shares of the computer hardware maker’s stock valued at $2,715,504,000 after buying an additional 9,801,806 shares during the period. 55.19% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on NVDA shares. Citigroup lowered their target price on NVIDIA from $350.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday. Credit Suisse Group reduced their price target on NVIDIA to $205.00 in a research report on Thursday. Morgan Stanley reduced their price target on NVIDIA from $217.00 to $182.00 and set an “equal weight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on NVIDIA from $255.00 to $190.00 in a research report on Thursday. Finally, Cowen reduced their price target on NVIDIA from $350.00 to $265.00 and set an “outperform” rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $269.77.

Shares of NVDA stock traded up $9.60 during trading hours on Friday, hitting $188.11. 73,773,253 shares of the company were exchanged, compared to its average volume of 56,136,031. NVIDIA Co. has a fifty-two week low of $155.01 and a fifty-two week high of $346.47. The company has a 50 day simple moving average of $212.40 and a two-hundred day simple moving average of $250.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.05 and a current ratio of 6.65. The firm has a market cap of $547.92 billion, a P/E ratio of 48.89, a P/E/G ratio of 2.16 and a beta of 1.59.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its earnings results on Wednesday, May 25th. The computer hardware maker reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.07. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same period last year, the business earned $0.78 EPS. NVIDIA’s quarterly revenue was up 46.4% compared to the same quarter last year. As a group, sell-side analysts expect that NVIDIA Co. will post 4.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Thursday, June 9th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date is Wednesday, June 8th. NVIDIA’s dividend payout ratio (DPR) is presently 4.16%.

In other news, CEO Jen Hsun Huang sold 292,340 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total transaction of $69,319,660.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 100,000 shares of the firm’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $274.06, for a total value of $27,406,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 409,056 shares of company stock worth $101,135,342. Company insiders own 4.47% of the company’s stock.

NVIDIA Profile (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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