Neville Rodie & Shaw Inc. Has $23.70 Million Holdings in NVIDIA Corporation $NVDA

Neville Rodie & Shaw Inc. trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,007 shares of the computer hardware maker’s stock after selling 10,167 shares during the period. NVIDIA comprises approximately 1.7% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 16th biggest position. Neville Rodie & Shaw Inc.’s holdings in NVIDIA were worth $23,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. State Street Corp increased its position in NVIDIA by 1.0% during the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after purchasing an additional 9,554,857 shares during the period. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its position 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 worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. Norges Bank bought a new position in NVIDIA during the second quarter worth $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NVIDIA by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after buying an additional 5,896,735 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Up 0.8%

NASDAQ:NVDA opened at $177.72 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a market cap of $4.32 trillion, a PE ratio of 44.10, a PEG ratio of 0.86 and a beta of 2.29. The firm has a 50-day moving average of $186.36 and a 200-day moving average of $174.65.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NVDA shares. Mizuho lifted their price objective on NVIDIA from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. KeyCorp boosted their target price on shares of NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Citic Securities increased their target price on shares of NVIDIA from $237.00 to $242.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Morgan Stanley lifted their price target on shares of NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Four analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $258.65.

Insider Activity

In other news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Debora Shoquist sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total transaction of $14,772,000.00. Following the transaction, the executive vice president directly owned 1,574,443 shares in the company, valued at $290,720,899.95. The trade was a 4.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,679,474 shares of company stock valued at $486,790,117 over the last quarter. 4.17% of the stock is owned by insiders.

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.