NVIDIA Corporation $NVDA Shares Acquired by Banque Transatlantique SA

by · The Cerbat Gem

Banque Transatlantique SA grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 7.0% in the 2nd quarter, Holdings Channel reports. The firm owned 2,884,622 shares of the computer hardware maker’s stock after acquiring an additional 189,519 shares during the quarter. NVIDIA comprises approximately 12.6% of Banque Transatlantique SA’s holdings, making the stock its 2nd biggest position. Banque Transatlantique SA’s holdings in NVIDIA were worth $457,755,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC raised its holdings in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Norges Bank bought a new position in NVIDIA in the 2nd quarter worth approximately $51,386,863,000. Nuveen LLC acquired a new stake in NVIDIA in the 1st quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. raised its stake in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after acquiring an additional 21,725,326 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the transaction, the chief financial officer owned 1,286,826 shares in the company, valued at $229,196,578.86. This represents a 2.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Debora Shoquist sold 69,840 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the transaction, the executive vice president owned 1,424,603 shares in the company, valued at $253,365,643.55. This represents a 4.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,829,474 shares of company stock valued at $512,805,367. 4.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NVDA shares. Susquehanna upped their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, November 20th. Oppenheimer restated an “outperform” rating and set a $265.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Morgan Stanley upped their price target on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Melius Research raised their price objective on shares of NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Stifel Nicolaus boosted their target price on NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $258.65.

Read Our Latest Research Report on NVDA

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $175.02 on Friday. The firm has a market cap of $4.25 trillion, a price-to-earnings ratio of 43.43, a P/E/G ratio of 0.89 and a beta of 2.29. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $186.69 and a 200 day simple moving average of $173.54.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business’s revenue was up 62.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

NVIDIA Company Profile

(Free Report)

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.

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