Peregrine Asset Advisers Inc. Has $10.27 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Peregrine Asset Advisers Inc. reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 50.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,556 shares of the computer hardware maker’s stock after selling 87,655 shares during the quarter. NVIDIA accounts for 3.5% of Peregrine Asset Advisers Inc.’s holdings, making the stock its 2nd biggest position. Peregrine Asset Advisers Inc.’s holdings in NVIDIA were worth $10,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lantz Financial LLC raised its holdings in NVIDIA by 833.1% during the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after buying an additional 36,774 shares during the period. Hendley & Co. Inc. increased its position in shares of NVIDIA by 906.5% in the second quarter. Hendley & Co. Inc. now owns 15,500 shares of the computer hardware maker’s stock worth $1,915,000 after acquiring an additional 13,960 shares in the last quarter. Deltec Asset Management LLC increased its position in shares of NVIDIA by 893.0% in the second quarter. Deltec Asset Management LLC now owns 163,500 shares of the computer hardware maker’s stock worth $20,199,000 after acquiring an additional 147,035 shares in the last quarter. ORG Partners LLC raised its holdings in shares of NVIDIA by 9,245.5% during the second quarter. ORG Partners LLC now owns 82,240 shares of the computer hardware maker’s stock valued at $10,214,000 after acquiring an additional 81,360 shares during the period. Finally, Bremer Bank National Association lifted its position in shares of NVIDIA by 755.5% in the 2nd quarter. Bremer Bank National Association now owns 206,061 shares of the computer hardware maker’s stock valued at $25,457,000 after acquiring an additional 181,975 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $139.93 on Friday. The firm has a market capitalization of $3.43 trillion, a PE ratio of 55.07, a price-to-earnings-growth 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 12-month low of $47.32 and a 12-month high of $152.89. The firm has a 50-day moving average price of $139.99 and a 200 day moving average price of $127.80.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. Research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Craig Hallum upped their price target on NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Wedbush raised their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Finally, HSBC raised their price target on shares of NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.15.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company’s 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 sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,351,886 shares of company stock valued at $176,825,650. 4.23% of the stock is owned by insiders.

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.