NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Private Wealth Management Group LLC

Private Wealth Management Group LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 5,797 shares of the computer hardware maker’s stock after purchasing an additional 153 shares during the period. Private Wealth Management Group LLC’s holdings in NVIDIA were worth $704,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NVDA. Foundation Wealth Management LLC purchased a new stake in shares of NVIDIA in the 3rd quarter valued at about $335,000. TrueWealth Advisors LLC lifted its stake in NVIDIA by 19.1% in the third quarter. TrueWealth Advisors LLC now owns 8,521 shares of the computer hardware maker’s stock valued at $1,035,000 after buying an additional 1,369 shares during the last quarter. BSW Wealth Partners grew its position in shares of NVIDIA by 6.0% during the third quarter. BSW Wealth Partners now owns 70,042 shares of the computer hardware maker’s stock worth $8,506,000 after acquiring an additional 3,938 shares during the last quarter. Nvwm LLC increased its holdings in shares of NVIDIA by 34.0% in the 3rd quarter. Nvwm LLC now owns 88,433 shares of the computer hardware maker’s stock valued at $10,739,000 after acquiring an additional 22,419 shares during the period. Finally, Angeles Wealth Management LLC raised its position in NVIDIA by 3.2% in the 3rd quarter. Angeles Wealth Management LLC now owns 87,992 shares of the computer hardware maker’s stock valued at $10,686,000 after purchasing an additional 2,695 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 1.7 %

NASDAQ NVDA opened at $132.00 on Tuesday. The company has a market cap of $3.23 trillion, a P/E ratio of 51.95, a P/E/G ratio of 2.43 and a beta of 1.63. 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 company has a 50-day moving average of $139.84 and a 200-day moving average of $126.92.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during 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%. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA declared that its board has authorized a share buyback program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value 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 $698,025,289.60. The trade was a 14.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,628,156 shares of company stock valued at $197,995,077. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Robert W. Baird increased their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Monday, November 18th. Melius Research upped their price target on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Phillip Securities reiterated an “accumulate” rating and issued a $160.00 price objective (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has 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 target price of $164.15.

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.