Stephens Consulting LLC Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Stephens Consulting LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 985.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,710 shares of the computer hardware maker’s stock after buying an additional 36,959 shares during the period. NVIDIA comprises about 1.4% of Stephens Consulting LLC’s holdings, making the stock its 12th biggest position. Stephens Consulting LLC’s holdings in NVIDIA were worth $5,029,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. BLB&B Advisors LLC increased its stake in shares of NVIDIA by 843.8% in the second quarter. BLB&B Advisors LLC now owns 570,768 shares of the computer hardware maker’s stock worth $70,513,000 after purchasing an additional 510,294 shares in the last quarter. Cypress Point Wealth Management LLC increased its stake in shares of NVIDIA by 772.8% in the second quarter. Cypress Point Wealth Management LLC now owns 5,979 shares of the computer hardware maker’s stock worth $739,000 after purchasing an additional 5,294 shares in the last quarter. McAdam LLC increased its stake in shares of NVIDIA by 945.0% in the second quarter. McAdam LLC now owns 84,614 shares of the computer hardware maker’s stock worth $10,453,000 after purchasing an additional 76,517 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its stake in shares of NVIDIA by 752.9% in the second quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 56,720 shares of the computer hardware maker’s stock worth $7,006,000 after purchasing an additional 50,070 shares in the last quarter. Finally, Perennial Advisors LLC boosted its position in shares of NVIDIA by 910.9% in the second quarter. Perennial Advisors LLC now owns 147,838 shares of the computer hardware maker’s stock valued at $18,264,000 after acquiring an additional 133,213 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $122.78, for a total transaction of $14,733,600.00. Following the transaction, the chief executive officer now directly owns 79,974,995 shares of the company’s stock, valued at approximately $9,819,329,886.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the sale, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $122.78, for a total transaction of $14,733,600.00. Following the sale, the chief executive officer now owns 79,974,995 shares in the company, valued at approximately $9,819,329,886.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,352,303 shares of company stock valued at $521,745,907. 4.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of NVIDIA from $115.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Citigroup lifted their target price on shares of NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Craig Hallum lifted their target price on shares of NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Needham & Company LLC lifted their target price on shares of NVIDIA from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, William Blair initiated coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Five research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.10.

NVIDIA Stock Up 4.0 %

Shares of NVIDIA stock opened at $120.87 on Wednesday. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $115.64 and its two-hundred day simple moving average is $107.64. The company has a market cap of $2.97 trillion, a P/E ratio of 70.68, a PEG ratio of 1.06 and a beta of 1.67. NVIDIA Co. has a 12-month low of $39.23 and a 12-month high of $140.76.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The company’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. Research analysts anticipate that NVIDIA Co. will post 2.64 EPS for the current year.

NVIDIA announced that its Board of Directors has approved a share buyback plan on Wednesday, August 28th that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Thursday, September 12th. NVIDIA’s payout ratio is currently 2.34%.

NVIDIA 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.