Natixis Advisors LLC Buys 13,669,679 Shares of NVIDIA Co. (NASDAQ:NVDA)

Natixis Advisors LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 911.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,169,962 shares of the computer hardware maker’s stock after buying an additional 13,669,679 shares during the period. NVIDIA makes up about 4.0% of Natixis Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Natixis Advisors LLC’s holdings in NVIDIA were worth $1,874,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Aveo Capital Partners LLC boosted its holdings in shares of NVIDIA by 30.5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,351 shares of the computer hardware maker’s stock worth $1,164,000 after acquiring an additional 549 shares in the last quarter. Gryphon Financial Partners LLC boosted its position in NVIDIA by 60.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 14,514 shares of the computer hardware maker’s stock valued at $7,188,000 after buying an additional 5,496 shares during the last quarter. Carolinas Wealth Consulting LLC increased its stake in shares of NVIDIA by 4.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 3,557 shares of the computer hardware maker’s stock valued at $1,761,000 after buying an additional 138 shares during the period. California State Teachers Retirement System raised its position in shares of NVIDIA by 1.4% during the fourth quarter. California State Teachers Retirement System now owns 3,948,536 shares of the computer hardware maker’s stock worth $1,955,394,000 after acquiring an additional 53,615 shares during the last quarter. Finally, APG Asset Management US Inc. bought a new position in shares of NVIDIA in the 4th quarter valued at about $181,116,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 40,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $121.01, for a total transaction of $4,840,400.00. Following the completion of the sale, the director now directly owns 8,380,117 shares of the company’s stock, valued at approximately $1,014,077,958.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 40,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $121.01, for a total transaction of $4,840,400.00. Following the completion of the transaction, the director now owns 8,380,117 shares in the company, valued at $1,014,077,958.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 100,110 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $130.10, for a total value of $13,024,311.00. Following the sale, the executive vice president now owns 3,939,350 shares in the company, valued at approximately $512,509,435. The disclosure for this sale can be found here. Insiders sold a total of 4,197,403 shares of company stock worth $501,955,984 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 3.7 %

Shares of NASDAQ NVDA opened at $117.00 on Wednesday. The company has a market capitalization of $2.88 trillion, a P/E ratio of 68.42, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $140.76. The company’s 50 day moving average price is $115.72 and its 200-day moving average price is $108.79.

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

NVIDIA declared that its board has authorized a stock buyback program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 12th. NVIDIA’s dividend payout ratio is currently 2.34%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVDA. Barclays decreased their price objective on NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. Argus lifted their target price on NVIDIA from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Tigress Financial upped their price target on shares of NVIDIA from $98.50 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $135.00 price target on shares of NVIDIA in a research report on Monday, August 19th. Finally, Truist Financial raised their price target on shares of NVIDIA from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Five investment 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.10.

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.