Silver Lake Advisory LLC Purchases 12,498 Shares of NVIDIA Co. (NASDAQ:NVDA)

Silver Lake Advisory LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 899.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,887 shares of the computer hardware maker’s stock after acquiring an additional 12,498 shares during the period. Silver Lake Advisory LLC’s holdings in NVIDIA were worth $1,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Investment Strategies LLC bought a new position in shares of NVIDIA in the first quarter valued at about $357,000. Privium Fund Management UK Ltd bought a new stake in shares of NVIDIA during the first quarter valued at approximately $2,635,000. Register Financial Advisors LLC raised its position in NVIDIA by 24.0% in the 1st quarter. Register Financial Advisors LLC now owns 1,364 shares of the computer hardware maker’s stock worth $1,233,000 after purchasing an additional 264 shares during the last quarter. LongView Wealth Management boosted its position in NVIDIA by 0.9% in the 1st quarter. LongView Wealth Management now owns 1,787 shares of the computer hardware maker’s stock valued at $1,615,000 after buying an additional 16 shares during the last quarter. Finally, Atlantic Union Bankshares Corp raised its position in shares of NVIDIA by 18.2% during the first quarter. Atlantic Union Bankshares Corp now owns 17,716 shares of the computer hardware maker’s stock worth $16,007,000 after acquiring an additional 2,722 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.81, for a total value of $11,977,200.00. Following the completion of the sale, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at $7,694,851,450.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the transaction, the insider now directly owns 492,409 shares in the company, valued at $57,370,572.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,516,270 shares of company stock worth $291,803,127 over the last three months. Insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $139.34 on Thursday. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $144.42. The company has a market cap of $3.42 trillion, a PE ratio of 65.42, a price-to-earnings-growth ratio of 1.50 and a beta of 1.67. The business’s 50 day moving average price is $124.95 and its two-hundred day moving average price is $115.35. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.

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

NVIDIA announced that its Board of Directors has initiated a share buyback program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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 issued a $0.01 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.88%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVDA shares. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 29th. Wedbush restated an “outperform” rating and issued a $138.00 price objective on shares of NVIDIA in a report on Thursday, August 29th. The Goldman Sachs Group upped their target price on shares of NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Sanford C. Bernstein raised their price target on NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 price objective on shares of NVIDIA in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.07.

NVIDIA Company 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.