Clifford Group LLC Has $2.42 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Clifford Group LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 879.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,547 shares of the computer hardware maker’s stock after acquiring an additional 17,552 shares during the period. NVIDIA accounts for 1.9% of Clifford Group LLC’s portfolio, making the stock its 10th largest holding. Clifford Group LLC’s holdings in NVIDIA were worth $2,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Retirement Investment Advisors Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter worth $1,305,000. GM Advisory Group LLC lifted its position in NVIDIA by 865.7% during the second quarter. GM Advisory Group LLC now owns 255,231 shares of the computer hardware maker’s stock valued at $31,531,000 after purchasing an additional 228,801 shares in the last quarter. Trust Investment Advisors grew its holdings in NVIDIA by 909.2% during the second quarter. Trust Investment Advisors now owns 37,079 shares of the computer hardware maker’s stock valued at $4,581,000 after purchasing an additional 33,405 shares during the period. Ieq Capital LLC raised its stake in shares of NVIDIA by 973.9% in the second quarter. Ieq Capital LLC now owns 2,061,053 shares of the computer hardware maker’s stock worth $254,622,000 after buying an additional 1,869,128 shares during the period. Finally, Brighton Jones LLC raised its stake in shares of NVIDIA by 878.9% in the second quarter. Brighton Jones LLC now owns 336,749 shares of the computer hardware maker’s stock worth $41,602,000 after buying an additional 302,348 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $139.56 on Thursday. NVIDIA Co. has a one year low of $39.23 and a one year high of $144.42. The firm has a market cap of $3.42 trillion, a price-to-earnings ratio of 65.46, a PEG ratio of 1.25 and a beta of 1.67. 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 50-day simple moving average of $123.56 and a two-hundred day simple moving average of $113.50.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $28.74 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. NVIDIA’s revenue for the quarter was up 122.4% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

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

NVIDIA Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.88%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.59, for a total value of $7,773,055.30. Following the completion of the transaction, the chief financial officer now directly owns 4,954,214 shares of the company’s stock, valued at $577,611,810.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $113.04, for a total value of $13,564,800.00. Following the completion of the transaction, the chief executive officer now owns 77,334,995 shares in the company, valued at $8,741,947,834.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $116.59, for a total value of $7,773,055.30. Following the sale, the chief financial officer now owns 4,954,214 shares in the company, valued at approximately $577,611,810.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,756,270 shares of company stock valued at $318,992,727. 4.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 target price on shares of NVIDIA in a report on Monday, August 5th. Wells Fargo & Company increased their price objective on shares of NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. KeyCorp raised their price objective on shares of NVIDIA from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Finally, The Goldman Sachs Group raised their price target on NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, October 11th. Five research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.07.

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.