Winslow Capital Management LLC Has $2.70 Billion Stock Position in NVIDIA Corporation $NVDA

by · The Markets Daily

Winslow Capital Management LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,108,401 shares of the computer hardware maker’s stock after buying an additional 916,692 shares during the period. NVIDIA accounts for 9.0% of Winslow Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Winslow Capital Management LLC owned 0.07% of NVIDIA worth $2,702,956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WINTON GROUP Ltd boosted its holdings in shares of NVIDIA by 188.3% in the 2nd quarter. WINTON GROUP Ltd now owns 28,251 shares of the computer hardware maker’s stock worth $4,463,000 after buying an additional 18,453 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in NVIDIA during the second quarter worth about $835,000. Fosun International Ltd raised its position in NVIDIA by 200.3% in the second quarter. Fosun International Ltd now owns 12,935 shares of the computer hardware maker’s stock worth $2,044,000 after acquiring an additional 8,628 shares during the period. Balance Wealth LLC boosted its stake in NVIDIA by 32.5% in the second quarter. Balance Wealth LLC now owns 5,668 shares of the computer hardware maker’s stock valued at $896,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Bollard Group LLC grew its position in shares of NVIDIA by 185.3% during the 2nd quarter. Bollard Group LLC now owns 153,202 shares of the computer hardware maker’s stock valued at $24,204,000 after acquiring an additional 99,504 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NVDA shares. Benchmark upped their price objective on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. CICC Research upped their price target on NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday. President Capital boosted their price objective on NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $258.65.

Get Our Latest Analysis on NVIDIA

NVIDIA Stock Down 1.6%

Shares of NASDAQ NVDA opened at $180.93 on Friday. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.40 trillion, a P/E ratio of 44.89, a P/E/G ratio of 0.90 and a beta of 2.29. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The business has a 50-day simple moving average of $186.94 and a two-hundred day simple moving average of $173.24.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s revenue was up 62.5% on a year-over-year basis. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

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 completion of the transaction, the executive vice president directly owned 1,654,443 shares in the company, valued at $305,492,899.95. The trade was a 4.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,629,134 shares of company stock valued at $477,077,768 in the last quarter. 4.17% of the stock is currently owned by company insiders.

About NVIDIA

(Free Report)

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.

See Also

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