Northcape Capital Pty Ltd decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,692 shares of the computer hardware maker’s stock after selling 693 shares during the quarter. NVIDIA comprises 0.2% of Northcape Capital Pty Ltd’s holdings, making the stock its 17th largest holding. Northcape Capital Pty Ltd’s holdings in NVIDIA were worth $2,151,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in NVIDIA by 1.0% in the second quarter. Vanguard Group Inc. now owns 49,018,971 shares of the computer hardware maker’s stock worth $18,622,797,000 after buying an additional 479,795 shares during the last quarter. BlackRock Inc. lifted its stake in shares of NVIDIA by 2.0% in the 2nd quarter. BlackRock Inc. now owns 43,602,920 shares of the computer hardware maker’s stock valued at $16,565,183,000 after purchasing an additional 849,675 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of NVIDIA by 6.6% in the 3rd quarter. Jennison Associates LLC now owns 8,302,556 shares of the computer hardware maker’s stock valued at $4,493,509,000 after purchasing an additional 516,044 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of NVIDIA by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,571,883 shares of the computer hardware maker’s stock valued at $2,496,723,000 after purchasing an additional 364,122 shares during the last quarter. Finally, GQG Partners LLC lifted its stake in shares of NVIDIA by 24.7% in the 2nd quarter. GQG Partners LLC now owns 4,699,573 shares of the computer hardware maker’s stock valued at $1,785,779,000 after purchasing an additional 929,423 shares during the last quarter. 68.11% of the stock is owned by institutional investors.
In other NVIDIA news, EVP Debora Shoquist sold 16,686 shares of NVIDIA stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $556.54, for a total value of $9,286,426.44. Following the transaction, the executive vice president now owns 132,854 shares in the company, valued at $73,938,565.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tench Coxe sold 629 shares of NVIDIA stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $533.30, for a total transaction of $335,445.70. The disclosure for this sale can be found here. Insiders have sold 112,654 shares of company stock worth $61,687,595 in the last quarter. Company insiders own 4.47% of the company’s stock.
Shares of NASDAQ NVDA opened at $530.15 on Monday. The company has a quick ratio of 5.51, a current ratio of 6.09 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $538.99 and its two-hundred day moving average price is $456.27. NVIDIA Co. has a 52-week low of $180.68 and a 52-week high of $589.07. The stock has a market capitalization of $328.35 billion, a P/E ratio of 97.51, a P/E/G ratio of 3.97 and a beta of 1.59.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Tuesday, November 17th. The computer hardware maker reported $2.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.57 by $0.34. NVIDIA had a net margin of 25.93% and a return on equity of 30.41%. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.42 billion. As a group, equities research analysts expect that NVIDIA Co. will post 6.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Friday, December 4th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.12%. NVIDIA’s dividend payout ratio is presently 13.94%.
Several research firms recently issued reports on NVDA. BMO Capital Markets lifted their price objective on shares of NVIDIA from $565.00 to $650.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on shares of NVIDIA from $540.00 to $600.00 in a research note on Thursday, November 19th. Needham & Company LLC lifted their target price on shares of NVIDIA from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. New Street Research downgraded shares of NVIDIA from a “neutral” rating to a “sell” rating and set a $400.00 target price on the stock. in a report on Thursday, October 8th. Finally, Citigroup lifted their target price on shares of NVIDIA from $392.00 to $540.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $537.13.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.
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