Lipe & Dalton Boosts NVIDIA Holdings by 4.5% in Q3

Investment firm Lipe & Dalton has reportedly increased its investment in NVIDIA Corporation (NASDAQ:NVDA), a leading computer hardware maker, by 4.5% during the third quarter, as revealed by recent filings with the Securities and Exchange Commission. The firm now owns a total of 1,170 shares in NVIDIA, which is valued at approximately $509,000.

Other Investors Adjust NVIDIA Positions

The third quarter also saw various institutional investors and hedge funds adjusting their stakes in NVIDIA. For instance, Beaton Management Co. Inc. increased its NVIDIA shareholdings by 3.9%, reaching 6,806 shares valued at almost $3 million. Additionally, Aspire Private Capital LLC massively raised its stake by 163.5%, owning 2,111 shares worth around $919,000 after the latest purchase.

Magnolia Capital Advisors LLC and STF Management LP both raised their investments in NVIDIA by 17.8% and 24.2% respectively. SP Asset Management LLC made a more conservative increase of 3.6%, now holding 11,780 NVIDIA shares. Collectively, institutional investors own 64.79% of NVIDIA's stock.

Insider Trading Activity

There has been significant insider trading activity at NVIDIA, with Director Mark A. Stevens and Director Dawn E. Hudson selling shares worth millions of dollars. Despite these sales, insiders still hold a significant portion of the company's stock.

NVIDIA's Financial Performance

NVIDIA's strong financial performance is reflected in its stock price, which recently opened at $661.60. The company has favorable ratios in terms of debt-to-equity, current liquidity, and quick asset turnover. With a market capitalization of $1.63 trillion and steady earnings, NVIDIA stands out as a robust player in the industry. The company outperformed sales and EPS estimates in their last quarterly earnings report, with revenues showing an impressive annual increase.

Dividend and Analyst Views

NVIDIA also announced a quarterly dividend, underscoring its financial health. Analysts' ratings on the stock are predominantly positive, with numerous buy and strong-buy recommendations and rising target prices. The consensus rating is a 'Moderate Buy’ with an average target price around $608.30.

About NVIDIA

NVIDIA Corporation specializes in graphics, compute, and networking solutions across the globe. Its products support diverse applications, including gaming, virtual computing, infotainment systems, and building 3D designs and virtual worlds. NVIDIA’s innovations continue to shape the industry, providing a solid investment choice for shareholders.

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