MRA Advisory Group Purchases 1,299 Shares of NVIDIA Co. (NASDAQ:NVDA)

MRA Advisory Group boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 33,537 shares of the computer hardware maker’s stock after acquiring an additional 1,299 shares during the period. NVIDIA comprises approximately 2.2% of MRA Advisory Group’s investment portfolio, making the stock its 13th biggest holding. MRA Advisory Group’s holdings in NVIDIA were worth $4,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Privium Fund Management UK Ltd bought a new stake in NVIDIA in the first quarter worth $2,635,000. Financial Strategies Group Inc. purchased a new stake in shares of NVIDIA during the 1st quarter valued at about $268,000. Woodmont Investment Counsel LLC raised its position in shares of NVIDIA by 1.8% during the 1st quarter. Woodmont Investment Counsel LLC now owns 1,498 shares of the computer hardware maker’s stock valued at $1,354,000 after buying an additional 27 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of NVIDIA by 1.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,603 shares of the computer hardware maker’s stock valued at $1,448,000 after acquiring an additional 26 shares during the last quarter. Finally, Dash Acquisitions Inc. increased its stake in NVIDIA by 10.2% during the first quarter. Dash Acquisitions Inc. now owns 1,124 shares of the computer hardware maker’s stock worth $945,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their target price on NVIDIA from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Robert W. Baird lifted their price objective on shares of NVIDIA from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Westpark Capital boosted their price objective on shares of NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 target price on shares of NVIDIA in a report on Tuesday, October 8th. Finally, Wedbush reiterated an “outperform” rating and set a $138.00 price target on shares of NVIDIA in a report on Thursday, August 29th. 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 data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $143.07.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $104.83, for a total transaction of $12,579,600.00. Following the sale, the chief executive officer now directly owns 76,614,995 shares of the company’s stock, valued at $8,031,549,925.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $104.83, for a total transaction of $12,579,600.00. Following the completion of the sale, the chief executive officer now owns 76,614,995 shares of the company’s stock, valued at approximately $8,031,549,925.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the transaction, the director now directly owns 8,100,117 shares in the company, valued at $1,071,402,475.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,276,270 shares of company stock worth $267,363,927. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $139.91 on Wednesday. NVIDIA Co. has a 12-month low of $44.90 and a 12-month high of $144.42. The business’s fifty day simple moving average is $125.68 and its 200-day simple moving average is $117.05. 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 has a market cap of $3.43 trillion, a PE ratio of 65.62, a PEG ratio of 1.43 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The firm’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. Analysts expect that NVIDIA Co. will post 2.65 earnings per share for the current fiscal year.

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s dividend payout ratio is presently 1.88%.

NVIDIA announced that its board has approved a stock repurchase plan 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 purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.