Nelson Capital Management LLC Has $123.07 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Nelson Capital Management LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 863.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 996,220 shares of the computer hardware maker’s stock after acquiring an additional 892,837 shares during the period. NVIDIA comprises about 21.8% of Nelson Capital Management LLC’s portfolio, making the stock its largest holding. Nelson Capital Management LLC’s holdings in NVIDIA were worth $123,073,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Skyline Advisors Inc. bought a new position in shares of NVIDIA in the 4th quarter valued at approximately $415,000. M3 Advisory Group LLC bought a new position in shares of NVIDIA in the 4th quarter valued at approximately $1,118,000. Accent Capital Management LLC bought a new position in shares of NVIDIA in the 4th quarter valued at approximately $6,807,000. Warren Street Wealth Advisors LLC raised its stake in shares of NVIDIA by 0.7% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 2,759 shares of the computer hardware maker’s stock valued at $1,366,000 after acquiring an additional 20 shares in the last quarter. Finally, Fairman Group LLC bought a new position in shares of NVIDIA in the 4th quarter valued at approximately $519,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. Citigroup raised their price objective on NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. DA Davidson reaffirmed a “neutral” rating and issued a $90.00 target price on shares of NVIDIA in a report on Thursday, August 29th. KeyCorp raised their target price on NVIDIA from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. New Street Research raised NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Tuesday, August 6th. Finally, Jefferies Financial Group raised their target price on NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a report on Monday, June 24th. Five research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.46.

NVIDIA Trading Down 4.7 %

Shares of NVDA stock opened at $131.60 on Wednesday. The company’s fifty day simple moving average is $119.84 and its two-hundred day simple moving average is $111.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79. NVIDIA Co. has a 1 year low of $39.23 and a 1 year high of $140.76. The stock has a market capitalization of $3.24 trillion, a price-to-earnings ratio of 76.96, a PEG ratio of 1.20 and a beta of 1.67.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The firm had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same period in the previous year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 122.4% on a year-over-year basis. As a group, analysts anticipate that NVIDIA Co. will post 2.65 earnings per share for the current year.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

NVIDIA announced that its Board of Directors has authorized a share buyback program on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $122.23, for a total transaction of $14,667,600.00. Following the completion of the transaction, the chief executive officer now directly owns 78,294,995 shares of the company’s stock, valued at approximately $9,569,997,238.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $122.23, for a total transaction of $14,667,600.00. Following the completion of the transaction, the chief executive officer now directly owns 78,294,995 shares of the company’s stock, valued at approximately $9,569,997,238.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,116,270 shares of company stock valued at $362,016,327. Insiders own 4.23% of the company’s stock.

NVIDIA Company 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.