NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1,170.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,587 shares of the computer hardware maker’s stock after acquiring an additional 9,754 shares during the period. Linscomb Wealth Inc.’s holdings in NVIDIA were worth $1,308,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVDA. Scarborough Advisors LLC raised its holdings in NVIDIA by 4.3% in the 4th quarter. Scarborough Advisors LLC now owns 1,873 shares of the computer hardware maker’s stock valued at $928,000 after acquiring an additional 77 shares during the last quarter. Greenwood Capital Associates LLC raised its holdings in NVIDIA by 10.2% in the 4th quarter. Greenwood Capital Associates LLC now owns 1,057 shares of the computer hardware maker’s stock valued at $523,000 after acquiring an additional 98 shares during the last quarter. Gerber LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth $1,478,000. Fisher Asset Management LLC increased its holdings in shares of NVIDIA by 7.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,941,935 shares of the computer hardware maker’s stock worth $4,428,225,000 after buying an additional 592,199 shares during the last quarter. Finally, Alamar Capital Management LLC increased its holdings in shares of NVIDIA by 15.7% during the 4th quarter. Alamar Capital Management LLC now owns 597 shares of the computer hardware maker’s stock worth $296,000 after buying an additional 81 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. StockNews.com downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 18th. Citigroup upped their price objective on NVIDIA from $126.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. TD Cowen upgraded NVIDIA to a “strong-buy” rating in a report on Monday, September 16th. KeyCorp upped their price objective on NVIDIA from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Finally, Loop Capital reaffirmed a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Monday, August 26th. Five research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $142.46.

NVIDIA Trading Up 2.4 %

NASDAQ NVDA opened at $138.07 on Tuesday. NVIDIA Co. has a one year low of $39.23 and a one year high of $140.76. The company has a 50-day simple moving average of $119.30 and a 200-day simple moving average of $111.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. The firm has a market capitalization of $3.40 trillion, a PE ratio of 80.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. NVIDIA’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. On average, equities analysts forecast that NVIDIA Co. will post 2.65 earnings per share for the current year.

NVIDIA Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

NVIDIA declared that its board has authorized a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 155,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now directly owns 8,100,117 shares in the company, valued at $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total value of $15,326,250.00. Following the transaction, the director now directly owns 8,255,117 shares of the company’s stock, valued at $1,012,159,895.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,236,270 shares of company stock worth $376,316,727 in the last ninety days. 4.23% of the stock is currently owned by corporate 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.