NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Campbell Wealth Management

Campbell Wealth Management reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 59.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,098 shares of the computer hardware maker’s stock after selling 4,612 shares during the period. Campbell Wealth Management’s holdings in NVIDIA were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Gulf International Bank UK Ltd increased its position in shares of NVIDIA by 875.8% in 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 acquiring an additional 1,921,964 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NVIDIA by 817.9% during 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 acquiring an additional 20,692 shares in the last quarter. Boit C F David lifted its holdings in shares of NVIDIA by 900.0% during the 2nd quarter. Boit C F David now owns 6,000 shares of the computer hardware maker’s stock valued at $741,000 after acquiring an additional 5,400 shares in the last quarter. Triangle Securities Wealth Management increased its holdings in NVIDIA by 846.9% in the 2nd quarter. Triangle Securities Wealth Management now owns 18,560 shares of the computer hardware maker’s stock valued at $2,293,000 after purchasing an additional 16,600 shares in the last quarter. Finally, First Affirmative Financial Network lifted its stake in shares of NVIDIA by 940.4% during the second quarter. First Affirmative Financial Network now owns 44,967 shares of the computer hardware maker’s stock worth $5,555,000 after purchasing an additional 40,645 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the sale, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.59, for a total value of $7,773,055.30. Following the completion of the sale, the chief financial officer now directly owns 4,954,214 shares in the company, valued at $577,611,810.26. This represents a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,628,156 shares of company stock valued at $197,995,077 over the last three months. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NVDA shares. Redburn Atlantic began coverage on NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price for the company. Stifel Nicolaus increased their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC lifted their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Westpark Capital upped their target price on shares of NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Trading Down 2.2 %

NASDAQ:NVDA opened at $134.25 on Friday. NVIDIA Co. has a 12-month low of $47.32 and a 12-month 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 business has a 50 day simple moving average of $139.76 and a 200 day simple moving average of $126.69. The firm has a market capitalization of $3.29 trillion, a P/E ratio of 52.85, a P/E/G ratio of 2.52 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last issued its 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. Equities research analysts predict that NVIDIA Co. will post 2.76 EPS for the current year.

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

NVIDIA Dividend Announcement

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

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.