NVIDIA Co. (NASDAQ:NVDA) is Vanguard Personalized Indexing Management LLC’s 3rd Largest Position

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,011.6% in the second quarter, HoldingsChannel reports. The firm owned 2,491,186 shares of the computer hardware maker’s stock after acquiring an additional 2,267,081 shares during the period. NVIDIA makes up about 5.7% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 3rd biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in NVIDIA were worth $300,967,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Amalgamated Bank increased its stake in shares of NVIDIA by 887.5% during the 2nd quarter. Amalgamated Bank now owns 5,229,901 shares of the computer hardware maker’s stock worth $646,102,000 after purchasing an additional 4,700,300 shares in the last quarter. Tredje AP fonden boosted its position in NVIDIA by 879.7% during the second quarter. Tredje AP fonden now owns 5,467,509 shares of the computer hardware maker’s stock worth $675,456,000 after acquiring an additional 4,909,429 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in NVIDIA by 911.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 957,780 shares of the computer hardware maker’s stock worth $118,324,000 after acquiring an additional 863,088 shares during the last quarter. Argent Trust Co boosted its position in NVIDIA by 913.2% during the second quarter. Argent Trust Co now owns 205,564 shares of the computer hardware maker’s stock worth $25,395,000 after acquiring an additional 185,276 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its position in NVIDIA by 924.4% during the second quarter. Meiji Yasuda Life Insurance Co now owns 698,349 shares of the computer hardware maker’s stock worth $86,274,000 after acquiring an additional 630,180 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 155,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the sale, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,876,270 shares of company stock valued at $333,061,527. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $143.71 on Tuesday. NVIDIA Co. has a 12-month low of $39.23 and a 12-month high of $143.71. The company has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 67.41, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79. The firm’s fifty day moving average price is $122.58 and its 200 day moving average price is $112.92.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $30.04 billion during the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The company’s revenue was up 122.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, research analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

NVIDIA declared that its board has approved a stock buyback plan on Wednesday, August 28th that allows the company to repurchase $50.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s payout ratio is currently 1.88%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $115.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Needham & Company LLC raised their target price on shares of NVIDIA from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley restated an “overweight” rating and set a $150.00 target price on shares of NVIDIA in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 price target on shares of NVIDIA in a report on Monday, August 5th. Finally, DA Davidson reiterated a “neutral” rating and issued a $90.00 price target on shares of NVIDIA in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.07.

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.