26,839 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,839 shares of the computer hardware maker’s stock, valued at approximately $3,259,000. NVIDIA makes up about 2.2% of Truxt Investmentos Ltda.’s portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Round Rock Advisors LLC lifted its stake in shares of NVIDIA by 2.1% in the 3rd quarter. Round Rock Advisors LLC now owns 14,863 shares of the computer hardware maker’s stock valued at $1,805,000 after acquiring an additional 309 shares during the last quarter. Colonial River Investments LLC boosted its stake in shares of NVIDIA by 4.9% during the third quarter. Colonial River Investments LLC now owns 87,775 shares of the computer hardware maker’s stock valued at $10,659,000 after purchasing an additional 4,073 shares in the last quarter. Riverstone Advisors LLC grew its holdings in shares of NVIDIA by 7.4% during the third quarter. Riverstone Advisors LLC now owns 10,411 shares of the computer hardware maker’s stock worth $1,264,000 after purchasing an additional 713 shares during the last quarter. Mayflower Financial Advisors LLC increased its stake in shares of NVIDIA by 1.0% in the third quarter. Mayflower Financial Advisors LLC now owns 64,210 shares of the computer hardware maker’s stock valued at $7,798,000 after buying an additional 628 shares during the period. Finally, Legacy Capital Wealth Partners LLC raised its holdings in NVIDIA by 128.2% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 132,110 shares of the computer hardware maker’s stock valued at $16,043,000 after buying an additional 74,225 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 0.2 %

NVDA stock opened at $139.93 on Friday. The firm has a market capitalization of $3.43 trillion, a PE ratio of 55.07, a P/E/G ratio of 2.43 and a beta of 1.64. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The stock’s 50 day moving average is $139.99 and its 200-day moving average is $127.80.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the business earned $0.38 EPS. The business’s revenue was up 93.6% on a year-over-year basis. Sell-side analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on NVDA shares. Bank of America restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Loop Capital reaffirmed a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Finally, William Blair began coverage on NVIDIA in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 125,000 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total value of $15,326,250.00. Following the transaction, the director now directly owns 8,255,117 shares of the company’s stock, valued at approximately $1,012,159,895.37. The trade was a 1.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,351,886 shares of company stock worth $176,825,650. Insiders own 4.23% of the company’s stock.

NVIDIA Company 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.