Tikehau Investment Management Invests $5.15 Million in NVIDIA Corporation $NVDA

Tikehau Investment Management acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,600 shares of the computer hardware maker’s stock, valued at approximately $5,150,000. NVIDIA comprises approximately 8.0% of Tikehau Investment Management’s investment portfolio, making the stock its 4th biggest position.

Other institutional investors also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA in the 2nd quarter valued at $28,000. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the second quarter worth about $40,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the 2nd quarter valued at approximately $55,000. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Finally, Westend Capital Management LLC raised its holdings in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, Director A Brooke Seawell sold 12,728 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total value of $2,341,061.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the transaction, the chief financial officer directly owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,949,931 shares of company stock valued at $531,605,955. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research analyst reports. HSBC set a $320.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Robert W. Baird set a $275.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Morgan Stanley increased their target price on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus price target of $258.65.

NVIDIA Trading Up 2.1%

Shares of NVIDIA stock opened at $183.38 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The business has a fifty day simple moving average of $187.05 and a two-hundred day simple moving average of $171.50. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 45.50, a P/E/G ratio of 0.88 and a beta of 2.29.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be issued 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 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.