Godsey & Gibb Inc. Has $1.37 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Godsey & Gibb Inc. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,243 shares of the computer hardware maker’s stock after purchasing an additional 918 shares during the quarter. Godsey & Gibb Inc.’s holdings in NVIDIA were worth $1,365,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Narus Financial Partners LLC grew its holdings in shares of NVIDIA by 0.5% during the third quarter. Narus Financial Partners LLC now owns 30,216 shares of the computer hardware maker’s stock worth $3,669,000 after purchasing an additional 154 shares during the last quarter. Baker Boyer National Bank grew its holdings in NVIDIA by 14.6% during the 3rd quarter. Baker Boyer National Bank now owns 2,327 shares of the computer hardware maker’s stock worth $283,000 after acquiring an additional 297 shares during the last quarter. ACT Advisors LLC. increased its position in NVIDIA by 8.9% in the 3rd quarter. ACT Advisors LLC. now owns 8,540 shares of the computer hardware maker’s stock valued at $1,037,000 after acquiring an additional 698 shares during the period. Compass Ion Advisors LLC raised its stake in shares of NVIDIA by 863.9% during the third quarter. Compass Ion Advisors LLC now owns 100,337 shares of the computer hardware maker’s stock valued at $12,185,000 after acquiring an additional 89,927 shares during the last quarter. Finally, Vest Financial LLC grew its stake in shares of NVIDIA by 191.9% in the third quarter. Vest Financial LLC now owns 103,151 shares of the computer hardware maker’s stock worth $12,527,000 after purchasing an additional 67,809 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 completion of the transaction, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. The trade was a 0.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction 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 sale, the chief financial officer now owns 4,954,214 shares in the company, valued at $577,611,810.26. The trade was a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock valued at $254,784,327 in the last ninety days. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 0.7 %

Shares of NVDA stock opened at $136.92 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a fifty day simple moving average of $134.82 and a two-hundred day simple moving average of $123.17. The firm has a market capitalization of $3.35 trillion, a PE ratio of 53.88, a PEG ratio of 2.60 and a beta of 1.66. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue was up 93.6% on a year-over-year basis. On average, analysts predict that NVIDIA Co. will post 2.73 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated 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 buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, December 5th. NVIDIA’s dividend payout ratio is presently 1.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NVDA shares. Robert W. Baird raised their target price on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities restated a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Monday, November 18th. Stifel Nicolaus increased their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. DA Davidson boosted their price objective on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Susquehanna lifted their target price on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $164.15.

About NVIDIA

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.