Thompson Siegel & Walmsley LLC Buys 45,569 Shares of NVIDIA Co. (NASDAQ:NVDA)

Thompson Siegel & Walmsley LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 21.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,259 shares of the computer hardware maker’s stock after acquiring an additional 45,569 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in NVIDIA were worth $30,877,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NVDA. John G Ullman & Associates Inc. purchased a new stake in NVIDIA in the third quarter worth approximately $208,000. German American Bancorp Inc. boosted its stake in shares of NVIDIA by 4.7% in the 3rd quarter. German American Bancorp Inc. now owns 256,257 shares of the computer hardware maker’s stock worth $31,120,000 after buying an additional 11,392 shares during the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of NVIDIA by 24.4% in the third quarter. Landscape Capital Management L.L.C. now owns 13,815 shares of the computer hardware maker’s stock worth $1,678,000 after acquiring an additional 2,709 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in NVIDIA by 5.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,297,588 shares of the computer hardware maker’s stock valued at $2,343,500,000 after acquiring an additional 1,026,107 shares during the last quarter. Finally, Steele Capital Management Inc. lifted its holdings in NVIDIA by 4.0% in the third quarter. Steele Capital Management Inc. now owns 115,437 shares of the computer hardware maker’s stock valued at $14,020,000 after acquiring an additional 4,428 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Stifel Nicolaus increased their price target on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup boosted their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Benchmark restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Down 6.2 %

NASDAQ NVDA opened at $140.14 on Wednesday. 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 52 week low of $49.48 and a 52 week high of $153.13. The firm has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 55.15, a PEG ratio of 2.43 and a beta of 1.64. The company has a fifty day moving average of $139.72 and a two-hundred day moving average of $128.37.

NVIDIA (NASDAQ:NVDA) last released 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. On average, analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio is currently 1.57%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,071,886 shares of company stock worth $140,997,550 in the last quarter. 4.23% of the stock is owned by company insiders.

About NVIDIA

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.