NVIDIA Co. (NASDAQ:NVDA) is Sloy Dahl & Holst LLC’s 3rd Largest Position

Sloy Dahl & Holst LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 214,144 shares of the computer hardware maker’s stock after purchasing an additional 3,689 shares during the period. NVIDIA comprises about 4.4% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its 3rd largest holding. Sloy Dahl & Holst LLC’s holdings in NVIDIA were worth $26,006,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its position in shares of NVIDIA by 52.2% during the first quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock worth $34,597,000 after acquiring an additional 13,135 shares during the period. Capital Square LLC purchased a new stake in shares of NVIDIA in the 1st quarter worth $266,000. Verus Capital Partners LLC grew its position in shares of NVIDIA by 13.5% during the 1st quarter. Verus Capital Partners LLC now owns 34,637 shares of the computer hardware maker’s stock worth $31,297,000 after buying an additional 4,113 shares in the last quarter. Inspire Advisors LLC increased its stake in shares of NVIDIA by 9.8% during the first quarter. Inspire Advisors LLC now owns 1,189 shares of the computer hardware maker’s stock valued at $1,074,000 after buying an additional 106 shares during the period. Finally, Delta Financial Advisors LLC raised its holdings in shares of NVIDIA by 0.3% in the first quarter. Delta Financial Advisors LLC now owns 8,248 shares of the computer hardware maker’s stock valued at $7,453,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the sale, the director now directly owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. This represents a 14.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $119.03, for a total value of $14,283,600.00. Following the sale, the chief executive officer now owns 76,494,995 shares in the company, valued at approximately $9,105,199,254.85. The trade was a 0.16 % decrease in their ownership of the stock. 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 quarter. 4.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NVDA. Redburn Atlantic assumed coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target for the company. Barclays increased their target price on NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday. Westpark Capital upped their price objective on NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Needham & Company LLC boosted their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wedbush lifted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Down 3.2 %

NVIDIA stock opened at $141.95 on Friday. NVIDIA Co. has a fifty-two week low of $45.01 and a fifty-two week high of $152.89. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 55.89, a price-to-earnings-growth ratio of 1.53 and a beta of 1.66. The stock’s fifty day moving average is $134.01 and its two-hundred day moving average is $122.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.79 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the previous year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. Analysts predict that NVIDIA Co. will post 2.68 EPS for the current fiscal year.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

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.