NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Oxler Private Wealth LLC

Oxler Private Wealth LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,839 shares of the computer hardware maker’s stock after purchasing an additional 1,288 shares during the quarter. NVIDIA comprises 3.5% of Oxler Private Wealth LLC’s portfolio, making the stock its 9th largest holding. Oxler Private Wealth LLC’s holdings in NVIDIA were worth $9,939,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NVDA. Cherrydale Wealth Management LLC boosted its stake in NVIDIA by 0.6% during the third quarter. Cherrydale Wealth Management LLC now owns 21,394 shares of the computer hardware maker’s stock valued at $2,598,000 after buying an additional 126 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in NVIDIA in the third quarter worth about $2,812,000. Accelerate Investment Advisors LLC acquired a new stake in NVIDIA in the 3rd quarter valued at about $1,765,000. Paladin Wealth LLC acquired a new position in shares of NVIDIA in the 3rd quarter worth approximately $2,316,000. Finally, VitalStone Financial LLC raised its holdings in shares of NVIDIA by 8.3% in the 3rd quarter. VitalStone Financial LLC now owns 30,382 shares of the computer hardware maker’s stock worth $3,690,000 after purchasing an additional 2,319 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the completion of the transaction, the chief executive officer now directly owns 76,494,995 shares in the company, valued at $9,105,199,254.85. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the completion of the sale, the chief financial officer now owns 4,954,214 shares in the company, valued at approximately $577,611,810.26. The trade was a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,156,270 shares of company stock worth $254,784,327 in the last 90 days. 4.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NVDA shares. Redburn Atlantic initiated coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target on the stock. Evercore ISI lifted their target price on NVIDIA from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Morgan Stanley upped their target price on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Westpark Capital lifted their price target on NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Melius Research upped their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.40.

NVIDIA Trading Down 3.3 %

Shares of NVDA stock opened at $141.98 on Friday. NVIDIA Co. has a 12 month low of $45.01 and a 12 month high of $149.77. The company has a market cap of $3.48 trillion, a PE ratio of 66.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $130.97 and its two-hundred day moving average is $120.08.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. NVIDIA’s revenue was up 122.4% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. Equities analysts predict that NVIDIA Co. will post 2.66 EPS for the current year.

NVIDIA announced that its board has authorized a stock buyback plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.88%.

About NVIDIA

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.