Natixis Advisors L.P. Has $189.46 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Natixis Advisors L.P. increased its position in NVIDIA Co. (NASDAQ:NVDA) by 15.4% in the 1st quarter, Holdings Channel reports. The firm owned 354,835 shares of the computer hardware maker’s stock after buying an additional 47,238 shares during the quarter. NVIDIA comprises approximately 1.0% of Natixis Advisors L.P.’s investment portfolio, making the stock its 9th biggest position. Natixis Advisors L.P.’s holdings in NVIDIA were worth $189,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of NVDA. PrairieView Partners LLC acquired a new position in NVIDIA during the fourth quarter worth $26,000. Cedar Mountain Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth $34,000. Key Financial Inc raised its stake in NVIDIA by 183.3% during the first quarter. Key Financial Inc now owns 68 shares of the computer hardware maker’s stock worth $36,000 after acquiring an additional 44 shares in the last quarter. Piscataqua Savings Bank acquired a new stake in shares of NVIDIA in the first quarter valued at $37,000. Finally, Newfound Research LLC acquired a new stake in shares of NVIDIA in the first quarter valued at $39,000. 65.70% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. BMO Capital Markets raised their target price on NVIDIA from $650.00 to $680.00 and gave the company an “outperform” rating in a research note on Monday, February 22nd. Rosenblatt Securities raised their target price on NVIDIA from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Wells Fargo & Company raised their target price on NVIDIA from $625.00 to $715.00 and gave the company an “overweight” rating in a research note on Monday, April 19th. Robert W. Baird assumed coverage on NVIDIA in a research note on Monday, May 10th. They issued an “outperform” rating and a $800.00 target price for the company. Finally, Credit Suisse Group raised their target price on NVIDIA from $620.00 to $700.00 and gave the company an “outperform” rating in a research note on Tuesday, April 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $611.84.

In other NVIDIA news, Director Mark L. Perry sold 6,104 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $556.58, for a total transaction of $3,397,364.32. Following the transaction, the director now owns 8,031 shares of the company’s stock, valued at approximately $4,469,893.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $627.95, for a total value of $9,105,275.00. In the last three months, insiders sold 21,804 shares of company stock worth $13,207,675. 4.47% of the stock is owned by insiders.

Shares of NVIDIA stock opened at $569.72 on Friday. The business’s 50 day simple moving average is $581.32 and its 200 day simple moving average is $546.90. NVIDIA Co. has a 52-week low of $314.96 and a 52-week high of $648.57. The firm has a market cap of $354.58 billion, a PE ratio of 93.24, a P/E/G ratio of 3.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.52 and a current ratio of 3.92.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.81 by $0.29. NVIDIA had a return on equity of 32.61% and a net margin of 25.89%. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter last year, the firm earned $1.89 EPS. As a group, equities research analysts predict that NVIDIA Co. will post 7.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Tuesday, March 9th. NVIDIA’s dividend payout ratio is presently 13.94%.

NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. The 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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