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

Fermata Advisors LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.9% during the third quarter, HoldingsChannel reports. The fund owned 32,669 shares of the computer hardware maker’s stock after acquiring an additional 1,528 shares during the quarter. Fermata Advisors LLC’s holdings in NVIDIA were worth $3,967,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NVDA. Davies Financial Advisors Inc. grew its holdings in shares of NVIDIA by 1.1% during the third quarter. Davies Financial Advisors Inc. now owns 26,795 shares of the computer hardware maker’s stock valued at $3,254,000 after purchasing an additional 295 shares during the last quarter. DLK Investment Management LLC raised its stake in shares of NVIDIA by 7.1% during the third quarter. DLK Investment Management LLC now owns 7,039 shares of the computer hardware maker’s stock valued at $855,000 after purchasing an additional 464 shares in the last quarter. LVW Advisors LLC raised its position in shares of NVIDIA by 1.6% during the 3rd quarter. LVW Advisors LLC now owns 70,482 shares of the computer hardware maker’s stock worth $8,559,000 after buying an additional 1,128 shares in the last quarter. ORBA Wealth Advisors L.L.C. lifted its position in NVIDIA by 3.8% in the third quarter. ORBA Wealth Advisors L.L.C. now owns 4,882 shares of the computer hardware maker’s stock worth $593,000 after purchasing an additional 180 shares during the period. Finally, Guild Investment Management Inc. boosted its stake in NVIDIA by 2.5% during the third quarter. Guild Investment Management Inc. now owns 67,535 shares of the computer hardware maker’s stock valued at $8,202,000 after buying an additional 1,655 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Mizuho increased their price target on shares of NVIDIA from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on NVIDIA from $115.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Craig Hallum increased their price target on shares of NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Benchmark restated a “buy” rating and issued a $170.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.48.

NVIDIA Trading Down 1.4 %

Shares of NVIDIA stock opened at $146.27 on Thursday. The stock has a market capitalization of $3.59 trillion, a P/E ratio of 68.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.66. NVIDIA Co. has a 12-month low of $45.01 and a 12-month high of $149.77. The company has a 50-day simple moving average of $128.59 and a 200 day simple moving average of $119.33. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 return on equity of 113.50% and a net margin of 55.04%. The firm had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. During the same period last year, the company earned $0.25 EPS. The business’s quarterly revenue was up 122.4% compared to the same quarter last year. Research analysts expect that NVIDIA Co. will post 2.66 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 paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s payout ratio is 1.88%.

NVIDIA declared that its board has approved a stock repurchase plan 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 plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the sale, the chief executive officer now directly owns 76,494,995 shares in the company, valued at approximately $9,105,199,254.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the sale, the chief executive officer now directly owns 76,494,995 shares of the company’s stock, valued at $9,105,199,254.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the sale, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,156,270 shares of company stock valued at $254,784,327. Corporate 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.