NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 1,051.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,290 shares of the computer hardware maker’s stock after acquiring an additional 1,178 shares during the period. Delos Wealth Advisors LLC’s holdings in NVIDIA were worth $159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Edge Capital Group LLC raised its position in NVIDIA by 899.9% in the second quarter. Edge Capital Group LLC now owns 62,895 shares of the computer hardware maker’s stock worth $7,770,000 after acquiring an additional 56,605 shares in the last quarter. Estabrook Capital Management grew its position in NVIDIA by 1,140.9% during the second quarter. Estabrook Capital Management now owns 19,880 shares of the computer hardware maker’s stock worth $2,456,000 after buying an additional 18,278 shares during the period. EverSource Wealth Advisors LLC increased its stake in NVIDIA by 1,042.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 162,097 shares of the computer hardware maker’s stock valued at $18,968,000 after purchasing an additional 147,908 shares in the last quarter. Fairscale Capital LLC acquired a new position in NVIDIA during the second quarter worth $7,622,000. Finally, First City Capital Management Inc. boosted its position in NVIDIA by 969.0% during the second quarter. First City Capital Management Inc. now owns 37,628 shares of the computer hardware maker’s stock worth $4,649,000 after purchasing an additional 34,108 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. New Street Research upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, August 6th. Morgan Stanley reiterated an “overweight” rating and issued a $150.00 price target on shares of NVIDIA in a research report on Thursday, October 10th. UBS Group restated a “buy” rating and set a $150.00 price objective on shares of NVIDIA in a research report on Tuesday, October 8th. Benchmark reiterated a “buy” rating and set a $170.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Finally, KeyCorp boosted their price target on NVIDIA from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $143.07.

NVIDIA Trading Up 0.8 %

Shares of NVDA opened at $141.54 on Friday. The company has a market capitalization of $3.48 trillion, a P/E ratio of 82.77, a P/E/G ratio of 1.52 and a beta of 1.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. The stock has a 50-day moving average price of $124.25 and a 200 day moving average price of $114.26. NVIDIA Co. has a one year low of $39.23 and a one year high of $144.42.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter last year, the business posted $0.25 EPS. NVIDIA’s quarterly revenue was up 122.4% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

NVIDIA Cuts Dividend

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

NVIDIA declared that its Board of Directors has initiated a stock 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the transaction, the director now directly owns 5,852,480 shares in the company, valued at $698,025,289.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the transaction, the director now owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the completion of the sale, the chief executive officer now directly owns 77,094,995 shares in the company, valued at approximately $7,694,851,450.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,636,270 shares of company stock worth $305,367,927 over the last quarter. 4.23% of the stock is owned by company insiders.

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.