WestHill Financial Advisors Inc. Sells 523 Shares of NVIDIA Co. (NASDAQ:NVDA)

WestHill Financial Advisors Inc. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,488 shares of the computer hardware maker’s stock after selling 523 shares during the period. NVIDIA accounts for about 0.3% of WestHill Financial Advisors Inc.’s portfolio, making the stock its 28th biggest position. WestHill Financial Advisors Inc.’s holdings in NVIDIA were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Cadent Capital Advisors LLC lifted its stake in shares of NVIDIA by 178.9% during the 3rd quarter. Cadent Capital Advisors LLC now owns 13,068 shares of the computer hardware maker’s stock worth $1,587,000 after acquiring an additional 29,641 shares during the last quarter. Embree Financial Group increased its stake in NVIDIA by 7.6% in the third quarter. Embree Financial Group now owns 81,329 shares of the computer hardware maker’s stock worth $9,877,000 after purchasing an additional 5,729 shares during the period. KFA Private Wealth Group LLC increased its stake in NVIDIA by 4.2% in the third quarter. KFA Private Wealth Group LLC now owns 19,394 shares of the computer hardware maker’s stock worth $2,355,000 after purchasing an additional 781 shares during the period. Everett Harris & Co. CA lifted its position in shares of NVIDIA by 1.1% during the third quarter. Everett Harris & Co. CA now owns 38,198 shares of the computer hardware maker’s stock worth $4,639,000 after purchasing an additional 412 shares during the last quarter. Finally, Etesian Wealth Advisors Inc. boosted its stake in shares of NVIDIA by 0.9% during the third quarter. Etesian Wealth Advisors Inc. now owns 24,403 shares of the computer hardware maker’s stock valued at $2,964,000 after purchasing an additional 225 shares during the period. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NVDA shares. Bank of America reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Morgan Stanley upped their target price on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Evercore ISI increased their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, DA Davidson upped their price target on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA Stock Down 4.2 %

Shares of NASDAQ NVDA opened at $136.02 on Tuesday. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89. The business’s 50 day moving average is $134.39 and its two-hundred day moving average is $122.84. The firm has a market cap of $3.33 trillion, a price-to-earnings ratio of 53.53, a PEG ratio of 2.60 and a beta of 1.66. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Research analysts predict that NVIDIA Co. will post 2.73 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

NVIDIA announced that its board has authorized a share buyback plan 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 purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the sale, the chief financial officer now directly owns 4,954,214 shares in the company, valued at approximately $577,611,810.26. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the completion of the transaction, the chief executive officer now owns 76,375,705 shares of the company’s stock, valued at $8,459,373,085.80. This represents a 0.16 % 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 worth $254,784,327 in the last quarter. 4.23% of the stock is owned by company insiders.

NVIDIA 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.