Concord Asset Management LLC VA Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Concord Asset Management LLC VA boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 21.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,972 shares of the computer hardware maker’s stock after purchasing an additional 18,048 shares during the quarter. NVIDIA makes up approximately 2.8% of Concord Asset Management LLC VA’s holdings, making the stock its 10th biggest position. Concord Asset Management LLC VA’s holdings in NVIDIA were worth $12,262,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lantz Financial LLC increased its position in NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after purchasing an additional 36,774 shares during the last quarter. Meridian Financial Partners LLC grew its stake in shares of NVIDIA by 952.7% in the 2nd quarter. Meridian Financial Partners LLC now owns 21,864 shares of the computer hardware maker’s stock worth $2,648,000 after buying an additional 19,787 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of NVIDIA by 55,645.8% in the 2nd quarter. Boston Trust Walden Corp now owns 466,035 shares of the computer hardware maker’s stock worth $57,574,000 after buying an additional 465,199 shares during the last quarter. Bellecapital International Ltd. raised its position in shares of NVIDIA by 875.3% during the 2nd quarter. Bellecapital International Ltd. now owns 37,470 shares of the computer hardware maker’s stock valued at $4,629,000 after buying an additional 33,628 shares in the last quarter. Finally, Oakworth Capital Inc. grew its position in NVIDIA by 932.8% in the second quarter. Oakworth Capital Inc. now owns 75,578 shares of the computer hardware maker’s stock worth $9,337,000 after acquiring an additional 68,260 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,226,886 shares of company stock worth $161,499,400. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. Morgan Stanley raised their price objective on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Monday, November 18th. William Blair started coverage on shares of NVIDIA in a report on Wednesday, September 18th. They issued an “outperform” rating for the company. Citigroup upped their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, HSBC raised their price objective on shares of NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a research note 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 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.

NVIDIA Trading Up 3.0 %

NASDAQ:NVDA opened at $138.31 on Friday. The company has a market capitalization of $3.39 trillion, a P/E ratio of 54.43, a PEG ratio of 2.43 and a beta of 1.63. The company has a current ratio of 4.10, a quick ratio of 3.64 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 fifty day simple moving average of $139.51 and a 200-day simple moving average of $128.16.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company 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%. The firm’s revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend 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.