NVIDIA Co. (NASDAQ:NVDA) is Olistico Wealth LLC’s 6th Largest Position

Olistico Wealth LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,761 shares of the computer hardware maker’s stock after buying an additional 2,909 shares during the quarter. NVIDIA makes up approximately 3.1% of Olistico Wealth LLC’s portfolio, making the stock its 6th biggest position. Olistico Wealth LLC’s holdings in NVIDIA were worth $5,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. Mezzasalma Advisors LLC boosted its stake in shares of NVIDIA by 21.1% during the first quarter. Mezzasalma Advisors LLC now owns 13,013 shares of the computer hardware maker’s stock valued at $11,758,000 after purchasing an additional 2,267 shares during the period. Kesler Norman & Wride LLC boosted its stake in shares of NVIDIA by 76.1% during the first quarter. Kesler Norman & Wride LLC now owns 5,478 shares of the computer hardware maker’s stock valued at $4,950,000 after purchasing an additional 2,368 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of NVIDIA by 0.6% during the first quarter. Maryland State Retirement & Pension System now owns 185,778 shares of the computer hardware maker’s stock valued at $156,879,000 after acquiring an additional 1,181 shares in the last quarter. American Institute for Advanced Investment Management LLP raised its holdings in shares of NVIDIA by 5.1% during the first quarter. American Institute for Advanced Investment Management LLP now owns 826 shares of the computer hardware maker’s stock valued at $746,000 after acquiring an additional 40 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC raised its holdings in shares of NVIDIA by 2.3% during the first quarter. Benchmark Financial Wealth Advisors LLC now owns 6,593 shares of the computer hardware maker’s stock valued at $5,957,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 0.8 %

Shares of NASDAQ:NVDA opened at $147.63 on Friday. The stock has a market capitalization of $3.62 trillion, a price-to-earnings ratio of 69.25, a PEG ratio of 1.54 and a beta of 1.66. 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’s 50-day simple moving average is $127.27 and its two-hundred day simple moving average is $117.94. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $149.77.

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, topping the consensus estimate of $0.64 by $0.04. The business had revenue of $30.04 billion for the quarter, compared to analysts’ expectations of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business’s revenue for the quarter was up 122.4% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. Analysts expect that NVIDIA Co. will post 2.66 EPS for the current year.

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

NVIDIA Cuts Dividend

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

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the sale, the director now directly owns 5,852,480 shares in the company, valued at $698,025,289.60. 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 2,156,270 shares of company stock valued at $254,784,327 in the last ninety days. Corporate insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVDA. Wedbush restated an “outperform” rating and set a $138.00 target price on shares of NVIDIA in a report on Thursday, August 29th. HSBC upped their target price on NVIDIA from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Bank of America upped their target price on NVIDIA from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, October 18th. Rosenblatt Securities restated a “buy” rating and set a $200.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Finally, DA Davidson reiterated a “neutral” rating and issued a $90.00 price objective 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.07.

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.