Lombard Odier Asset Management Europe Ltd Raises Position in NVIDIA Co. (NASDAQ:NVDA)

Lombard Odier Asset Management Europe Ltd lifted its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 85.3% in the 1st quarter, HoldingsChannel reports. The firm owned 52,189 shares of the computer hardware maker’s stock after acquiring an additional 24,020 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in NVIDIA were worth $14,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. Resonant Capital Advisors LLC raised its stake in NVIDIA by 6.9% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,796 shares of the computer hardware maker’s stock worth $480,000 after acquiring an additional 116 shares during the period. GenTrust LLC raised its position in shares of NVIDIA by 16.4% during the 1st quarter. GenTrust LLC now owns 2,844 shares of the computer hardware maker’s stock valued at $776,000 after purchasing an additional 400 shares during the period. Relyea Zuckerberg Hanson LLC lifted its stake in shares of NVIDIA by 16.6% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 2,124 shares of the computer hardware maker’s stock valued at $472,000 after buying an additional 303 shares in the last quarter. Lannebo Fonder AB boosted its holdings in NVIDIA by 5.9% in the 1st quarter. Lannebo Fonder AB now owns 90,000 shares of the computer hardware maker’s stock worth $24,557,000 after buying an additional 5,000 shares during the period. Finally, Secure Asset Management LLC increased its stake in NVIDIA by 6.3% in the 1st quarter. Secure Asset Management LLC now owns 12,304 shares of the computer hardware maker’s stock worth $3,357,000 after buying an additional 731 shares in the last quarter. 62.58% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 2.8 %

Shares of NVDA opened at $143.87 on Friday. The firm has a fifty day moving average price of $166.39 and a 200-day moving average price of $191.81. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $358.24 billion, a P/E ratio of 47.17, a P/E/G ratio of 4.74 and a beta of 1.69. NVIDIA Co. has a 12-month low of $132.70 and a 12-month high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.70 billion. NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. NVIDIA’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.89 earnings per share. Equities research analysts expect that NVIDIA Co. will post 2.48 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Wednesday, September 7th. NVIDIA’s dividend payout ratio (DPR) is presently 5.25%.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 113,850 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $158.03, for a total transaction of $17,991,715.50. Following the transaction, the director now owns 2,596,493 shares in the company, valued at $410,323,788.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Credit Suisse Group set a $205.00 price objective on NVIDIA in a research note on Wednesday, August 31st. Raymond James cut their price objective on shares of NVIDIA from $240.00 to $210.00 in a report on Thursday, August 25th. Cowen lowered their target price on shares of NVIDIA from $350.00 to $265.00 in a report on Thursday, May 26th. Robert W. Baird cut their target price on shares of NVIDIA from $150.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Finally, Barclays decreased their price target on shares of NVIDIA from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, August 25th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $217.26.

NVIDIA Profile

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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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