NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Creative Capital Management Investments LLC

Creative Capital Management Investments LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,972 shares of the computer hardware maker’s stock after buying an additional 1,212 shares during the period. NVIDIA accounts for about 0.9% of Creative Capital Management Investments LLC’s holdings, making the stock its 11th largest holding. Creative Capital Management Investments LLC’s holdings in NVIDIA were worth $2,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Gulf International Bank UK Ltd grew its holdings in shares of NVIDIA by 875.8% during the second quarter. Gulf International Bank UK Ltd now owns 2,141,420 shares of the computer hardware maker’s stock worth $264,551,000 after purchasing an additional 1,921,964 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its position in shares of NVIDIA by 817.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 23,222 shares of the computer hardware maker’s stock valued at $2,977,000 after purchasing an additional 20,692 shares during the period. Boit C F David grew its stake in NVIDIA by 900.0% during the 2nd quarter. Boit C F David now owns 6,000 shares of the computer hardware maker’s stock worth $741,000 after buying an additional 5,400 shares during the last quarter. Triangle Securities Wealth Management increased its position in NVIDIA by 846.9% during the second quarter. Triangle Securities Wealth Management now owns 18,560 shares of the computer hardware maker’s stock worth $2,293,000 after buying an additional 16,600 shares during the period. Finally, First Affirmative Financial Network lifted its stake in NVIDIA by 940.4% in the second quarter. First Affirmative Financial Network now owns 44,967 shares of the computer hardware maker’s stock valued at $5,555,000 after buying an additional 40,645 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NVDA shares. Mizuho raised their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Truist Financial raised their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup upped their target price on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Stifel Nicolaus raised their price target on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, DA Davidson upped their price objective on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Four equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Trading Down 2.2 %

Shares of NVDA opened at $134.25 on Friday. NVIDIA Co. has a 1-year low of $47.32 and a 1-year high of $152.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a 50 day simple moving average of $139.76 and a 200-day simple moving average of $126.69. The stock has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 2.52 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Equities analysts forecast that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

NVIDIA declared that its board has initiated a share buyback 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 purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,628,156 shares of company stock worth $197,995,077. Corporate insiders own 4.23% of the company’s stock.

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.