Financial Security Advisor Inc. Purchases 117 Shares of NVIDIA Co. (NASDAQ:NVDA)

Financial Security Advisor Inc. grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,012 shares of the computer hardware maker’s stock after buying an additional 117 shares during the quarter. NVIDIA accounts for approximately 1.1% of Financial Security Advisor Inc.’s investment portfolio, making the stock its 17th biggest holding. Financial Security Advisor Inc.’s holdings in NVIDIA were worth $4,374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalina Capital Group LLC increased its holdings in NVIDIA by 13.6% during the third quarter. Catalina Capital Group LLC now owns 107,446 shares of the computer hardware maker’s stock worth $13,048,000 after buying an additional 12,828 shares during the last quarter. Marks Group Wealth Management Inc boosted its stake in NVIDIA by 9.5% in the third quarter. Marks Group Wealth Management Inc now owns 23,309 shares of the computer hardware maker’s stock valued at $2,831,000 after acquiring an additional 2,017 shares during the last quarter. Balentine LLC grew its position in shares of NVIDIA by 136.1% during the 3rd quarter. Balentine LLC now owns 51,550 shares of the computer hardware maker’s stock valued at $6,260,000 after acquiring an additional 29,720 shares during the period. Bailard Inc. increased its stake in shares of NVIDIA by 12.4% during the 3rd quarter. Bailard Inc. now owns 792,861 shares of the computer hardware maker’s stock worth $96,285,000 after purchasing an additional 87,451 shares during the last quarter. Finally, HMS Capital Management LLC raised its holdings in shares of NVIDIA by 1.0% in the 3rd quarter. HMS Capital Management LLC now owns 58,991 shares of the computer hardware maker’s stock worth $7,164,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $130.68 on Friday. The business’s 50-day moving average price is $139.63 and its 200-day moving average price is $127.11. The firm has a market capitalization of $3.20 trillion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 12 month low of $47.32 and a 12 month high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 93.6% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 165,100 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $121.27, for a total value of $20,021,677.00. Following the completion of the transaction, the director now owns 8,420,117 shares in the company, valued at approximately $1,021,107,588.59. This represents a 1.92 % 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. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,556,986 shares of company stock valued at $201,687,727. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a report on Monday, November 18th. JPMorgan Chase & Co. increased their price target on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. HSBC upped their price objective on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Melius Research lifted their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.