NVIDIA Co. is Ferguson Wellman Capital Management Inc.'s 4th Largest Position

Ferguson Wellman Capital Management Inc. has made some adjustments to its holdings in NVIDIA Co. (NASDAQ:NVDA). During the third quarter, the firm decreased its investment in NVIDIA by 6.6%. After selling 128,626 shares, Ferguson Wellman now owns 1,818,489 shares of NVIDIA, which is approximately 4.3% of their total portfolio. This makes NVIDIA the fourth largest position within their investment structure. At the end of this reporting period, the total value of their holdings in NVIDIA was about $220,837,000.

In addition to Ferguson Wellman, various other institutional investors and hedge funds have also changed their stakes in NVIDIA. For example, Legal & General Group Plc significantly increased its investment by an impressive 884.0% during the second quarter, now holding 213,127,959 shares valued at approximately $26.33 billion. Similarly, Bank of New York Mellon Corp raised its holdings by 854.1%, acquiring 182,622,629 shares, estimated at $22.56 billion. Other notable institutions like Ameriprise Financial, Dimensional Fund Advisors, and Massachusetts Financial Services also reported similar increases in their stakes in NVIDIA.

Analyst Ratings and Price Targets

Market analysts have also been actively reviewing NVIDIA's stock. The Goldman Sachs Group recently raised its price target from $150 to $165 and issued a “buy” rating. Other firms followed suit; Wedbush increased its target to $175, while Citigroup raised its target to the same level. Evercore ISI has set its new target at $190, and JPMorgan Chase adjusted its price target from $155 to $170. Currently, the stock has many positive ratings, with four analysts suggesting a hold, thirty-nine suggesting buy, and one suggesting a strong buy. According to data from MarketBeat.com, NVIDIA maintains an average rating of “Moderate Buy” with an average price target of $164.15.

NVIDIA's Stock Performance

The share price of NVIDIA opened at $137.49 on the market. Over the past 50 days, the moving average price has been around $139.84, and the 200-day moving average stands at $128.03. The stock has seen significant volatility, with a 12-month low of $47.32 and a high of $152.89. NVIDIA's market capitalization is reported at $3.37 trillion with a price-to-earnings ratio of 54.11, and a PEG ratio of 2.43. Its financial stability is reflected in a quick ratio of 3.64 and a current ratio of 4.10, alongside a low debt-to-equity ratio of 0.13.

NVIDIA recently announced its earnings results, revealing a quarterly earnings per share of $0.81, surpassing analysts' expectations of $0.69. The company also reported a remarkable revenue of $35.08 billion, a substantial increase from the previous year, reflecting a growth of 93.6% compared to last year's quarter.

Dividend Information

The company declared a quarterly dividend recently, which was paid out on December 27th. Shareholders of record on December 5th received a dividend of $0.01 per share, which annualizes to $0.04, generating a dividend yield of 0.03%. The company's current dividend payout ratio stands at 1.57%.

Recent Insider Transactions

In related news, NVIDIA's CFO, Colette Kress, sold 66,670 shares worth approximately $9,027,118 on December 13th. After this sale, she still owns around 3,351,572 shares of the company, valued at approximately $453.80 million. Additionally, on December 16th, Director Tench Coxe sold 1,000,000 shares for a total of $131.26 million, resulting in a reduction of 3.37% in his position. Over the past three months, insiders sold a total of 1,351,886 shares valued at approximately $176.83 million, and insiders currently own 4.23% of NVIDIA’s stock.

About NVIDIA

NVIDIA Corporation is a key player in the technology sector, specializing in graphics and computing solutions. Their offerings include GeForce GPUs for gaming, as well as software and services for gaming platforms, automotive systems, and cloud-based visual computing.

NVIDIA, Investments, Stocks