EFG Asset Management North America Corp. Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

EFG Asset Management North America Corp. lowered its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,226 shares of the computer hardware maker’s stock after selling 1,240 shares during the quarter. NVIDIA comprises 1.1% of EFG Asset Management North America Corp.’s investment portfolio, making the stock its 24th largest holding. EFG Asset Management North America Corp.’s holdings in NVIDIA were worth $4,447,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVDA. Peoples Financial Services CORP. purchased a new position in NVIDIA during the 3rd quarter valued at about $30,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA during the 3rd quarter valued at about $30,000. Marquette Asset Management LLC purchased a new position in NVIDIA during the 2nd quarter valued at about $34,000. Quarry LP purchased a new position in NVIDIA during the 1st quarter valued at about $34,000. Finally, Compass Wealth Management LLC purchased a new position in NVIDIA during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $615.27 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59. NVIDIA Co. has a 52-week low of $189.50 and a 52-week high of $634.93. The stock has a market capitalization of $1.52 trillion, a PE ratio of 81.17, a price-to-earnings-growth ratio of 4.18 and a beta of 1.64. The stock’s 50 day moving average price is $516.68 and its 200-day moving average price is $474.45.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The firm had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 205.5% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 11.07 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.16 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 2.11%.

Insider Buying and Selling

In related news, Director Dawn E. Hudson sold 1,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $492.52, for a total value of $492,520.00. Following the sale, the director now directly owns 70,500 shares of the company’s stock, valued at $34,722,660. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $483.18, for a total value of $4,831,800.00. Following the sale, the director now directly owns 989,831 shares of the company’s stock, valued at $478,266,542.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dawn E. Hudson sold 1,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $492.52, for a total value of $492,520.00. Following the completion of the sale, the director now directly owns 70,500 shares in the company, valued at $34,722,660. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock valued at $79,810,950 over the last ninety days. Company insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NVDA shares. BMO Capital Markets lifted their price target on NVIDIA from $600.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Bank of America lifted their price target on NVIDIA from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Citigroup dropped their price target on NVIDIA from $630.00 to $575.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Wells Fargo & Company lifted their price target on NVIDIA from $600.00 to $675.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Finally, DA Davidson started coverage on NVIDIA in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $608.30.

Check Out Our Latest Stock Analysis on NVDA

NVIDIA Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.