Jacobs & Co. CA Sells 9,916 Shares of NVIDIA Corporation $NVDA

Jacobs & Co. CA decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,045 shares of the computer hardware maker’s stock after selling 9,916 shares during the quarter. NVIDIA makes up approximately 5.5% of Jacobs & Co. CA’s holdings, making the stock its 2nd largest holding. Jacobs & Co. CA’s holdings in NVIDIA were worth $57,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NVDA. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC grew its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the second quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in 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 during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 626 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $179.42, for a total value of $112,316.92. Following the sale, the director owned 17,792 shares in the company, valued at approximately $3,192,240.64. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $181.73, for a total value 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 $1,281,160,699.19. This trade represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,679,474 shares of company stock valued at $486,790,117 over the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NVDA shares. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Barclays increased their price objective on shares of NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research report on Thursday, November 20th. Finally, UBS Group restated a “buy” rating on shares of NVIDIA in a research note on Tuesday, December 9th. Four analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Stock Up 0.8%

Shares of NASDAQ NVDA opened at $177.72 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The stock’s 50-day simple moving average is $186.36 and its 200-day simple moving average is $174.65. The firm has a market cap of $4.32 trillion, a price-to-earnings ratio of 44.10, a PEG ratio of 0.86 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 analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same quarter last year, the firm earned $0.81 EPS. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors 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 payout ratio is 0.99%.

NVIDIA Company 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.