NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Boston Standard Wealth Management LLC

Boston Standard Wealth Management LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 3,972.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 128,864 shares of the computer hardware maker’s stock after purchasing an additional 125,700 shares during the quarter. NVIDIA comprises about 3.0% of Boston Standard Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Boston Standard Wealth Management LLC’s holdings in NVIDIA were worth $15,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Privium Fund Management UK Ltd purchased a new stake in shares of NVIDIA during the first quarter worth approximately $2,635,000. Monument Capital Management boosted its holdings in NVIDIA by 1.8% in the first quarter. Monument Capital Management now owns 1,853 shares of the computer hardware maker’s stock valued at $1,674,000 after purchasing an additional 33 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in NVIDIA by 6.0% in the first quarter. Sivia Capital Partners LLC now owns 6,605 shares of the computer hardware maker’s stock valued at $5,968,000 after purchasing an additional 372 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in NVIDIA by 40.1% in the first quarter. Tradewinds Capital Management LLC now owns 937 shares of the computer hardware maker’s stock valued at $847,000 after purchasing an additional 268 shares in the last quarter. Finally, Carret Asset Management LLC boosted its holdings in NVIDIA by 6.9% in the first quarter. Carret Asset Management LLC now owns 4,928 shares of the computer hardware maker’s stock valued at $4,453,000 after purchasing an additional 320 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the completion of the sale, the chief financial officer now directly owns 4,954,214 shares in the company, valued at $577,611,810.26. 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 is available at the SEC website. In other news, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, September 20th. The stock was 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 in the company, valued at approximately $577,611,810.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 155,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,276,270 shares of company stock valued at $267,363,927 over the last 90 days. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $145.61 on Thursday. The firm has a market cap of $3.57 trillion, a price-to-earnings ratio of 68.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.66. The stock’s 50-day moving average is $126.08 and its 200-day moving average is $117.25. NVIDIA Co. has a one year low of $45.01 and a one year high of $146.49. 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 earnings results 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. The business had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. NVIDIA’s revenue was up 122.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 earnings per share. Equities analysts predict that NVIDIA Co. will post 2.66 earnings per share for the current fiscal year.

NVIDIA declared that its board has initiated a share repurchase plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

NVIDIA Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were 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 was Thursday, September 12th. NVIDIA’s payout ratio is 1.88%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $150.00 price objective on shares of NVIDIA in a report on Thursday, October 10th. Truist Financial increased their price objective on NVIDIA from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Benchmark restated a “buy” rating and issued a $170.00 price target on shares of NVIDIA in a research report on Thursday, August 29th. 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 research report on Friday, October 11th. Finally, Wells Fargo & Company lifted their price objective on NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Five equities 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.