NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 705.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 153,300 shares of the computer hardware maker’s stock after purchasing an additional 134,276 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in NVIDIA were worth $18,939,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC grew its holdings in shares of NVIDIA by 30.5% during the fourth quarter. Aveo Capital Partners LLC now owns 2,351 shares of the computer hardware maker’s stock worth $1,164,000 after buying an additional 549 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of NVIDIA by 60.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 14,514 shares of the computer hardware maker’s stock valued at $7,188,000 after buying an additional 5,496 shares during the period. Rice Partnership LLC lifted its stake in shares of NVIDIA by 8.4% in the 4th quarter. Rice Partnership LLC now owns 20,885 shares of the computer hardware maker’s stock valued at $10,343,000 after purchasing an additional 1,624 shares during the last quarter. Alpha DNA Investment Management LLC increased its position in shares of NVIDIA by 77.0% during the fourth quarter. Alpha DNA Investment Management LLC now owns 3,014 shares of the computer hardware maker’s stock valued at $1,493,000 after acquiring an additional 1,311 shares during the last quarter. Finally, BlueSky Wealth Advisors LLC lifted its stake in NVIDIA by 1.8% during the fourth quarter. BlueSky Wealth Advisors LLC now owns 5,392 shares of the computer hardware maker’s stock worth $2,670,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 0.0 %

NASDAQ NVDA opened at $121.44 on Tuesday. NVIDIA Co. has a 12 month low of $39.23 and a 12 month high of $140.76. The company has a 50-day moving average of $115.83 and a 200-day moving average of $108.59. The company has a market cap of $2.99 trillion, a P/E ratio of 71.02, a P/E/G ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The company had revenue of $30.04 billion during the quarter, compared to the consensus estimate of $28.74 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. NVIDIA’s revenue for the quarter was up 122.4% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Co. will post 2.65 earnings per share for the current year.

NVIDIA Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NVDA shares. Argus lifted their price objective on shares of NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Evercore ISI boosted their price target on shares of NVIDIA from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Wells Fargo & Company raised their target price on shares of NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Morgan Stanley increased their price objective on NVIDIA from $144.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.10.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $124.28, for a total transaction of $14,913,600.00. Following the transaction, the chief executive officer now directly owns 79,734,995 shares in the company, valued at approximately $9,909,465,178.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the transaction, the insider now owns 492,409 shares in the company, valued at $57,370,572.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $124.28, for a total transaction of $14,913,600.00. Following the transaction, the chief executive officer now directly owns 79,734,995 shares of the company’s stock, valued at $9,909,465,178.60. The disclosure for this sale can be found here. Insiders sold 4,277,403 shares of company stock worth $512,029,184 over the last ninety days. Corporate insiders own 4.23% of the company’s stock.

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.