Brady Family Wealth LLC Has $2.56 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Brady Family Wealth LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,059 shares of the computer hardware maker’s stock after purchasing an additional 436 shares during the quarter. Brady Family Wealth LLC’s holdings in NVIDIA were worth $2,557,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Crane Advisory LLC boosted its position in shares of NVIDIA by 2.8% during the third quarter. Crane Advisory LLC now owns 5,115 shares of the computer hardware maker’s stock worth $680,000 after buying an additional 138 shares during the period. Petredis Investment Advisors LLC lifted its stake in NVIDIA by 0.3% in the 3rd quarter. Petredis Investment Advisors LLC now owns 426,638 shares of the computer hardware maker’s stock valued at $51,811,000 after acquiring an additional 1,106 shares in the last quarter. Oxinas Partners Wealth Management LLC boosted its position in NVIDIA by 46.2% during the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 11,270 shares of the computer hardware maker’s stock worth $1,369,000 after acquiring an additional 3,561 shares during the last quarter. Magnus Financial Group LLC raised its holdings in shares of NVIDIA by 10.8% in the third quarter. Magnus Financial Group LLC now owns 33,614 shares of the computer hardware maker’s stock valued at $4,082,000 after purchasing an additional 3,284 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. lifted its position in shares of NVIDIA by 3.5% in the third quarter. Luts & Greenleigh Group Inc. now owns 20,284 shares of the computer hardware maker’s stock worth $2,463,000 after purchasing an additional 685 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of NVIDIA from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Sanford C. Bernstein increased their price target on NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Oppenheimer boosted their price target on NVIDIA from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. UBS Group raised their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company upped their price target on shares of NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Five 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $152.40.

NVIDIA Trading Down 1.3 %

Shares of NVDA stock opened at $140.15 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. NVIDIA Co. has a fifty-two week low of $45.01 and a fifty-two week high of $149.77. The company has a market cap of $3.44 trillion, a PE ratio of 65.74, a P/E/G ratio of 1.49 and a beta of 1.66. The stock’s fifty day moving average price is $131.64 and its two-hundred day moving average price is $120.96.

NVIDIA (NASDAQ:NVDA) last released 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 firm 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 quarter in the previous year, the business posted $0.25 earnings per share. Equities analysts predict that NVIDIA Co. will post 2.67 EPS 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 $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.88%.

NVIDIA announced that its Board of Directors has authorized a stock repurchase 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 reacquire up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was 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 owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated 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. The trade was a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,156,270 shares of company stock valued at $254,784,327. 4.23% of the stock is currently owned by insiders.

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.