Clear Street Derivatives LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,795,664 shares of the computer hardware maker's stock, valued at approximately $4,589,905,000. NVIDIA accounts for approximately 77.6% of Clear Street Derivatives LLC's investment portfolio, making the stock its largest position. Clear Street Derivatives LLC owned 0.15% of NVIDIA as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. ClearAlpha Technologies LP boosted its stake in shares of NVIDIA by 64.0% in the third quarter. ClearAlpha Technologies LP now owns 3,970 shares of the computer hardware maker's stock worth $482,000 after acquiring an additional 1,550 shares during the period. Clearline Capital LP bought a new position in shares of NVIDIA in the third quarter worth about $32,923,000. Coastwise Capital Group LLC boosted its stake in shares of NVIDIA by 9.9% in the third quarter. Coastwise Capital Group LLC now owns 38,158 shares of the computer hardware maker's stock worth $4,634,000 after acquiring an additional 3,426 shares during the period. Arrowroot Family Office LLC boosted its stake in shares of NVIDIA by 5.7% in the third quarter. Arrowroot Family Office LLC now owns 4,594 shares of the computer hardware maker's stock worth $558,000 after acquiring an additional 247 shares during the period. Finally, Ascent Group LLC boosted its stake in shares of NVIDIA by 4.3% in the third quarter. Ascent Group LLC now owns 257,734 shares of the computer hardware maker's stock worth $31,299,000 after acquiring an additional 10,689 shares during the period. Institutional investors own 65.27% of the company's stock.
NVDA has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Benchmark reiterated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $115.00 to $140.00 and gave the stock a "hold" rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $164.27.
Read Our Latest Research Report on NVIDIA
Shares of NASDAQ NVDA opened at $136.32 on Thursday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.34 trillion, a PE ratio of 53.65, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The stock's fifty day simple moving average is $139.68 and its two-hundred day simple moving average is $128.82. NVIDIA Co. has a 12-month low of $54.74 and a 12-month high of $153.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. As a group, analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.57%.
In related news, CFO Colette Kress sold 66,670 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock valued at $146,506,958 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.
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.
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