Blue Capital Inc. has made a significant investment in NVIDIA Corporation, acquiring a stake valued at approximately $1.51 million. This purchase was disclosed in the firm’s latest Form 13F filing with the Securities and Exchange Commission (SEC). During the second quarter, Blue Capital acquired 9,559 shares of the well-known computer hardware company.
Several other institutional investors have also reported recent activity concerning NVIDIA. For instance, Harbor Asset Planning Inc. purchased shares valued at around $28,000, while Winnow Wealth LLC acquired a position worth about $32,000. Notably, Longfellow Investment Management Co. LLC raised its holdings in NVIDIA by 47.9%, now owning 207 shares valued at $33,000 after increasing its stake by 67 shares this past quarter.
Other firms have also joined in; Spurstone Advisory Services LLC acquired shares valued at approximately $40,000, and Kathleen S. Wright Associates Inc. significantly boosted its stake by 169.3% in the first quarter, bringing its total to 404 shares worth $44,000. Overall, institutional investors and hedge funds now control 65.27% of NVIDIA’s stock.
Analysts React to NVIDIA’s Performance
Equities analysts have recently provided updates on NVIDIA’s stock performance and future prospects. In a research note dated November 20, Oppenheimer reaffirmed an “outperform” rating, setting a price objective at $265.00. Similarly, President Capital raised its target price from $240.00 to $245.00, maintaining a “buy” rating.
Additionally, Wall Street Zen elevated NVIDIA from a “hold” rating to a “buy” rating, and Arete Research increased its price objective from $244.00 to $261.00, also rating it a “buy.” Zacks Research has upgraded the stock from “hold” to “strong-buy.” Currently, four analysts rate the stock as a Strong Buy, while 46 have given it a Buy rating, two assigned a Hold rating, and one has issued a Sell rating. According to MarketBeat, NVIDIA has a consensus rating of “Buy” along with an average target price of $258.65.
NVIDIA’s Stock Performance and Financials
On Friday, shares of NVIDIA opened at $175.02, reflecting a 3.3% decrease. The company has experienced a fifty-two week low of $86.62 and a high of $212.19. Its fifty-day moving average stands at $186.69, while the two-hundred day moving average is $173.54. NVIDIA boasts a market capitalization of $4.25 trillion and impressive financial ratios, including a PE ratio of 43.43 and a debt-to-equity ratio of 0.06.
The company recently announced its quarterly earnings results on November 19, revealing an earnings per share (EPS) of $1.30, surpassing analysts’ expectations of $1.23. NVIDIA reported total revenue of $57.01 billion for the quarter, significantly higher than the anticipated $54.66 billion and marking a 62.5% increase year-over-year.
In addition, NVIDIA has declared a quarterly dividend of $0.01 per share, set to be paid on December 26. Shareholders of record as of December 4 will receive this dividend, representing an annualized payout of $0.04 and reflecting a dividend yield of 0.0%.
Insider Activity at NVIDIA
In recent insider trading news, Harvey C. Jones, a director at NVIDIA, sold 250,000 shares on September 18 for a total of $44,052,500. Following this transaction, Jones retained ownership of 7,183,280 shares, valued at approximately $1.27 billion. Additionally, CEO Jen Hsun Huang sold 75,000 shares on September 26 for $13,272,000. Post-sale, Huang owns 71,308,203 shares, equating to around $12.62 billion.
Over the past 90 days, insiders have sold 2,829,474 shares valued at $512,805,367, with insiders now holding 4.17% of the company’s equity.
NVIDIA Corporation continues to be a key player in the technology sector, providing a range of graphics and compute solutions across various markets, including gaming, enterprise graphics, and automotive systems. As the company navigates a competitive landscape, these financial developments and investments highlight its ongoing significance in the industry.
