NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Clarity Financial LLC

Clarity Financial LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,286 shares of the computer hardware maker’s stock after buying an additional 21,200 shares during the quarter. NVIDIA makes up approximately 2.1% of Clarity Financial LLC’s holdings, making the stock its 16th largest holding. Clarity Financial LLC’s holdings in NVIDIA were worth $17,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Lantz Financial LLC grew its stake in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after buying an additional 36,774 shares during the period. Websterrogers Financial Advisors LLC grew its stake in shares of NVIDIA by 568.4% in the second quarter. Websterrogers Financial Advisors LLC now owns 1,818 shares of the computer hardware maker’s stock valued at $225,000 after buying an additional 1,546 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of NVIDIA by 829.3% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 920 shares of the computer hardware maker’s stock valued at $114,000 after buying an additional 821 shares during the period. A. D. Beadell Investment Counsel Inc. acquired a new position in NVIDIA during the 2nd quarter worth approximately $259,000. Finally, Norway Savings Bank boosted its holdings in NVIDIA by 893.3% in the 2nd quarter. Norway Savings Bank now owns 53,210 shares of the computer hardware maker’s stock worth $6,574,000 after acquiring an additional 47,853 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $128.91 on Thursday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $139.72 and its two-hundred day moving average is $127.08. The firm has a market capitalization of $3.16 trillion, a P/E ratio of 50.73, a PEG ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 52 week low of $47.32 and a 52 week high of $152.89.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the firm earned $0.38 EPS. The firm’s revenue was up 93.6% compared to the same quarter last year. Analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA declared that its board has initiated a share repurchase program on Wednesday, August 28th that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.57%.

Insider Activity at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were 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 directly owns 492,409 shares in the company, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,628,156 shares of company stock worth $209,985,077 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NVDA shares. Wells Fargo & Company boosted their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Barclays boosted their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. UBS Group lifted their target price on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Four investment 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 company. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target 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.