WIM INVESTMENT MANAGEMENT Ltd Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

WIM INVESTMENT MANAGEMENT Ltd purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 128,500 shares of the computer hardware maker’s stock, valued at approximately $15,605,000. NVIDIA makes up about 6.6% of WIM INVESTMENT MANAGEMENT Ltd’s portfolio, making the stock its 5th largest holding.

A number of other large investors have also recently modified their holdings of NVDA. Lantz Financial LLC raised its position in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares in the last quarter. Meridian Financial Partners LLC raised its holdings in shares of NVIDIA by 952.7% during the 2nd quarter. Meridian Financial Partners LLC now owns 21,864 shares of the computer hardware maker’s stock valued at $2,648,000 after buying an additional 19,787 shares in the last quarter. Boston Trust Walden Corp lifted its position in 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. boosted its stake in NVIDIA by 875.3% in the second quarter. Bellecapital International Ltd. now owns 37,470 shares of the computer hardware maker’s stock worth $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% during the second quarter. Oakworth Capital Inc. now owns 75,578 shares of the computer hardware maker’s stock valued at $9,337,000 after acquiring an additional 68,260 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm’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 in the company, 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. Over the last 90 days, insiders have sold 1,226,886 shares of company stock worth $161,499,400. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $138.31 on Friday. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. 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 stock’s 50 day moving average is $139.51 and its 200 day moving average is $128.16.

NVIDIA (NASDAQ:NVDA) last released its 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 firm had revenue of $35.08 billion for 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 company’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, equities research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent research reports. Phillip Securities restated an “accumulate” rating and issued a $160.00 price objective (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Piper Sandler boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. William Blair began coverage on NVIDIA in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. Loop Capital reissued a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Finally, Citigroup increased their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four equities research 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. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $164.15.

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.