Winslow Capital Management LLC Grows Stock Position in NVIDIA Corporation $NVDA

Winslow Capital Management LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,108,401 shares of the computer hardware maker’s stock after purchasing an additional 916,692 shares during the period. NVIDIA comprises about 9.0% of Winslow Capital Management LLC’s holdings, making the stock its 2nd largest holding. Winslow Capital Management LLC’s holdings in NVIDIA were worth $2,702,956,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NVDA. Geode Capital Management LLC lifted its holdings 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 worth $91,150,170,000 after acquiring an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its position in 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 valued at $64,976,521,000 after buying an additional 382,231,120 shares during the period. Norges Bank bought a new position in shares of NVIDIA during the second quarter valued at about $51,386,863,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 worth $22,412,434,000 after buying an additional 5,896,735 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NVDA. Raymond James Financial set a $272.00 price target on NVIDIA and gave the stock a “strong-buy” rating in a research note on Thursday, November 20th. Stifel Nicolaus lifted their target price on shares of NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Argus reiterated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Finally, President Capital boosted their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $258.65.

NVIDIA Trading Down 1.6%

NASDAQ:NVDA opened at $180.93 on Friday. The company has a 50-day moving average price of $186.94 and a 200-day moving average price of $173.24. The stock has a market cap of $4.40 trillion, a price-to-earnings ratio of 44.89, a P/E/G ratio of 0.90 and a beta of 2.29. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) 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 analysts’ expectations of $54.66 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In other news, EVP Debora Shoquist sold 80,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 1,654,443 shares in the company, valued at approximately $305,492,899.95. The trade was a 4.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the completion of the transaction, the director owned 7,049,803 shares of the company’s stock, valued at approximately $1,281,160,699.19. The trade was a 4.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,629,134 shares of company stock valued at $477,077,768 over the last ninety days. Insiders own 4.17% 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.