Thames Capital Management LLC Has $11.59 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Thames Capital Management LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 799.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 93,800 shares of the computer hardware maker’s stock after acquiring an additional 83,367 shares during the period. NVIDIA makes up 4.5% of Thames Capital Management LLC’s portfolio, making the stock its 11th biggest position. Thames Capital Management LLC’s holdings in NVIDIA were worth $11,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Whale Capital LLP raised its position in NVIDIA by 692.6% in the second quarter. Blue Whale Capital LLP now owns 1,222,800 shares of the computer hardware maker’s stock worth $151,065,000 after purchasing an additional 1,068,527 shares in the last quarter. Boston Research & Management Inc. grew its stake in shares of NVIDIA by 900.0% in the 2nd quarter. Boston Research & Management Inc. now owns 11,700 shares of the computer hardware maker’s stock valued at $1,445,000 after purchasing an additional 10,530 shares during the period. Sei Investments Co. raised its holdings in shares of NVIDIA by 880.0% in the 2nd quarter. Sei Investments Co. now owns 14,585,688 shares of the computer hardware maker’s stock worth $1,801,915,000 after buying an additional 13,097,354 shares in the last quarter. Pacer Advisors Inc. boosted its stake in NVIDIA by 884.0% in the 2nd quarter. Pacer Advisors Inc. now owns 2,499,143 shares of the computer hardware maker’s stock valued at $308,744,000 after buying an additional 2,245,171 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in NVIDIA by 776.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 11,585,620 shares of the computer hardware maker’s stock valued at $1,430,474,000 after acquiring an additional 10,264,069 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price objective on shares of NVIDIA in a report on Monday, August 5th. New Street Research upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Tuesday, August 6th. DA Davidson reiterated a “neutral” rating and issued a $90.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. Robert W. Baird increased their price target on NVIDIA from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Benchmark reissued a “buy” rating and issued a $170.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.07.

NVIDIA Stock Up 0.6 %

NASDAQ:NVDA opened at $140.41 on Friday. The stock has a market cap of $3.44 trillion, a price-to-earnings ratio of 65.86, a PEG ratio of 1.52 and a beta of 1.67. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $123.56 and a two-hundred day moving average price of $113.50. NVIDIA Co. has a 1 year low of $39.23 and a 1 year high of $144.42.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (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 return on equity of 113.50% and a net margin of 55.04%. NVIDIA’s revenue for the quarter was up 122.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. As a group, equities analysts expect that NVIDIA Co. will post 2.65 earnings per share for the current year.

NVIDIA Cuts Dividend

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

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

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the transaction, the director now directly owns 8,255,117 shares of the company’s stock, valued at $1,012,159,895.37. This 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 2,636,270 shares of company stock worth $305,367,927. Corporate insiders own 4.23% of the company’s stock.

About NVIDIA

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.