NVIDIA Co. (NASDAQ:NVDA) is RAM Investment Partners LLC’s 10th Largest Position

RAM Investment Partners LLC decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 53,691 shares of the computer hardware maker’s stock after selling 1,069 shares during the period. NVIDIA accounts for approximately 1.7% of RAM Investment Partners LLC’s portfolio, making the stock its 10th biggest position. RAM Investment Partners LLC’s holdings in NVIDIA were worth $6,520,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wallington Asset Management LLC increased its stake in shares of NVIDIA by 63.3% during the third quarter. Wallington Asset Management LLC now owns 25,839 shares of the computer hardware maker’s stock worth $3,138,000 after buying an additional 10,019 shares during the period. Eagle Bay Advisors LLC grew its holdings in NVIDIA by 0.8% during the 3rd quarter. Eagle Bay Advisors LLC now owns 13,127 shares of the computer hardware maker’s stock worth $1,594,000 after acquiring an additional 109 shares in the last quarter. Foundry Financial Group Inc. grew its holdings in NVIDIA by 5.9% during the 3rd quarter. Foundry Financial Group Inc. now owns 4,291 shares of the computer hardware maker’s stock worth $521,000 after acquiring an additional 239 shares in the last quarter. Iron Horse Wealth Management LLC increased its position in shares of NVIDIA by 17.4% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 587 shares of the computer hardware maker’s stock valued at $71,000 after purchasing an additional 87 shares during the last quarter. Finally, Sterling Investment Counsel LLC raised its holdings in shares of NVIDIA by 35.2% in the 3rd quarter. Sterling Investment Counsel LLC now owns 38,588 shares of the computer hardware maker’s stock valued at $4,686,000 after purchasing an additional 10,037 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the sale, the director now directly owns 5,852,480 shares in the company, valued at $698,025,289.60. The trade was a 14.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 165,100 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $121.27, for a total transaction of $20,021,677.00. Following the transaction, the director now owns 8,420,117 shares of the company’s stock, valued at $1,021,107,588.59. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,036,986 shares of company stock worth $240,602,399. Company insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVDA. UBS Group increased their target price on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Evercore ISI increased their price objective on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. The Goldman Sachs Group boosted their target price on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. HSBC increased their price target on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, DA Davidson boosted their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA Stock Up 2.2 %

NVDA opened at $138.25 on Monday. The business has a 50 day simple moving average of $136.05 and a 200-day simple moving average of $124.11. NVIDIA Co. has a 12 month low of $45.01 and a 12 month high of $152.89. The stock has a market capitalization of $3.39 trillion, a P/E ratio of 54.43, a P/E/G ratio of 2.50 and a beta of 1.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. On average, equities analysts anticipate that NVIDIA Co. will post 2.76 earnings per share for the current fiscal year.

NVIDIA declared that its board has initiated a share buyback plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a $0.01 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. 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 workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.