Thompson Siegel & Walmsley LLC Reduces Holdings in NVIDIA Co. (NASDAQ:NVDA)

Thompson Siegel & Walmsley LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 5.3{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 24,199 shares of the computer hardware maker’s stock after selling 1,353 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in NVIDIA were worth $2,938,000 at the end of the most recent quarter.

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Other large investors have also recently made changes to their positions in the company. Horizons Wealth Management purchased a new stake in NVIDIA in the second quarter valued at approximately $41,000. Riggs Asset Managment Co. Inc. raised its position in NVIDIA by 271.2{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock valued at $30,000 after purchasing an additional 179 shares during the last quarter. FSC Wealth Advisors LLC boosted its stake in NVIDIA by 313.6{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the 3rd quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 207 shares during the period. Pin Oak Investment Advisors Inc. grew its position in NVIDIA by 100.0{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 280 shares of the computer hardware maker’s stock worth $42,000 after purchasing an additional 140 shares during the last quarter. Finally, Paragon Wealth Strategies LLC purchased a new position in shares of NVIDIA during the third quarter worth about $36,000. 61.80{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 0.7 {fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}

Shares of NASDAQ NVDA opened at $242.28 on Thursday. The firm has a market cap of $598.43 billion, a P/E ratio of 139.24, a price-to-earnings-growth ratio of 4.08 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.73 and a current ratio of 3.52. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46. The firm’s 50 day moving average price is $206.42 and its 200 day moving average price is $165.60.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a return on equity of 26.61{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} and a net margin of 16.19{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was down 20.8{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Co. will post 3.21 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 8th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.07{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. NVIDIA’s payout ratio is currently 9.20{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}.

Insider Buying and Selling

In related news, CFO Colette Kress sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $229.29, for a total transaction of $1,375,740.00. Following the completion of the transaction, the chief financial officer now owns 561,401 shares of the company’s stock, valued at $128,723,635.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dawn E. Hudson sold 7,500 shares of NVIDIA stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $230.40, for a total value of $1,728,000.00. Following the transaction, the director now directly owns 90,350 shares of the company’s stock, valued at approximately $20,816,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 6,000 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $229.29, for a total value of $1,375,740.00. Following the sale, the chief financial officer now owns 561,401 shares of the company’s stock, valued at approximately $128,723,635.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 293,066 shares of company stock valued at $51,229,679. Insiders own 4.04{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Mizuho upped their price target on NVIDIA from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Wedbush upped their price objective on shares of NVIDIA from $175.00 to $216.00 in a research report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, February 23rd. Oppenheimer lifted their price objective on NVIDIA from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Finally, DZ Bank downgraded NVIDIA from a “buy” rating to a “sell” rating and set a $195.00 target price for the company. in a research note on Thursday, February 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $242.14.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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