Oppenheimer & Co. Inc. Has $59.13 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Oppenheimer & Co. Inc. lowered its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,943 shares of the computer hardware maker’s stock after selling 2,312 shares during the period. NVIDIA makes up 1.2% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 5th biggest position. Oppenheimer & Co. Inc.’s holdings in NVIDIA were worth $59,134,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Lineweaver Wealth Advisors LLC grew its position in NVIDIA by 0.9% during the second quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock worth $1,029,000 after buying an additional 22 shares in the last quarter. Family Legacy Inc. grew its position in NVIDIA by 4.1% during the third quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock worth $241,000 after buying an additional 22 shares in the last quarter. Cassia Capital Partners LLC grew its position in NVIDIA by 2.0% during the third quarter. Cassia Capital Partners LLC now owns 1,193 shares of the computer hardware maker’s stock worth $519,000 after buying an additional 23 shares in the last quarter. Yarger Wealth Strategies LLC grew its position in NVIDIA by 1.9% during the third quarter. Yarger Wealth Strategies LLC now owns 1,210 shares of the computer hardware maker’s stock worth $526,000 after buying an additional 23 shares in the last quarter. Finally, LWM Advisory Services LLC grew its position in NVIDIA by 1.2% during the second quarter. LWM Advisory Services LLC now owns 2,018 shares of the computer hardware maker’s stock worth $855,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $721.33 on Monday. The firm has a fifty day moving average of $545.55 and a two-hundred day moving average of $485.68. The stock has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 95.16, a PEG ratio of 2.89 and a beta of 1.69. NVIDIA Co. has a 52 week low of $204.21 and a 52 week high of $721.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 EPS for the quarter, beating the consensus estimate of $3.03 by $0.99. The company had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $16.19 billion. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The business’s revenue for the quarter was up 205.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, equities research analysts predict that NVIDIA Co. will post 11.09 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, December 5th. NVIDIA’s payout ratio is 2.11%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 218 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $484.99, for a total transaction of $105,727.82. Following the completion of the sale, the director now owns 2,183 shares in the company, valued at approximately $1,058,733.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $483.18, for a total value of $4,831,800.00. Following the completion of the sale, the director now owns 989,831 shares in the company, valued at approximately $478,266,542.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 218 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $484.99, for a total transaction of $105,727.82. Following the completion of the sale, the director now owns 2,183 shares of the company’s stock, valued at approximately $1,058,733.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,216 shares of company stock worth $79,810,950. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. UBS Group lifted their target price on NVIDIA from $560.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 price objective on shares of NVIDIA in a report on Wednesday, November 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $600.00 price objective on shares of NVIDIA in a report on Friday, November 17th. Citigroup decreased their price objective on NVIDIA from $630.00 to $575.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Finally, BMO Capital Markets lifted their price objective on NVIDIA from $600.00 to $650.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $616.35.

Read Our Latest Report on NVDA

About NVIDIA

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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