Callahan Advisors LLC Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Callahan Advisors LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 14.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,354 shares of the computer hardware maker’s stock after buying an additional 13,514 shares during the quarter. NVIDIA comprises 1.3% of Callahan Advisors LLC’s portfolio, making the stock its 26th largest position. Callahan Advisors LLC’s holdings in NVIDIA were worth $12,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NVDA. Summit Rock Advisors LP raised its holdings in NVIDIA by 20.9% in the third quarter. Summit Rock Advisors LP now owns 277,257 shares of the computer hardware maker’s stock worth $33,670,000 after purchasing an additional 47,897 shares in the last quarter. Leslie Global Wealth LLC increased its stake in shares of NVIDIA by 22.4% in the 3rd quarter. Leslie Global Wealth LLC now owns 10,593 shares of the computer hardware maker’s stock worth $1,286,000 after acquiring an additional 1,941 shares in the last quarter. Guidance Point Advisors LLC lifted its position in NVIDIA by 41.2% during the 3rd quarter. Guidance Point Advisors LLC now owns 4,077 shares of the computer hardware maker’s stock valued at $495,000 after acquiring an additional 1,190 shares during the period. Invictus Private Wealth LLC boosted its stake in NVIDIA by 12.4% during the third quarter. Invictus Private Wealth LLC now owns 182,801 shares of the computer hardware maker’s stock worth $22,199,000 after acquiring an additional 20,111 shares in the last quarter. Finally, 1834 Investment Advisors Co. grew its holdings in NVIDIA by 2.6% in the third quarter. 1834 Investment Advisors Co. now owns 27,087 shares of the computer hardware maker’s stock worth $3,289,000 after purchasing an additional 677 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $134.70 on Friday. The stock has a market cap of $3.30 trillion, a P/E ratio of 53.01, a P/E/G ratio of 2.43 and a beta of 1.63. 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’s fifty day moving average is $139.63 and its 200 day moving average is $127.25. NVIDIA Co. has a one year low of $47.32 and a one year high of $152.89.

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

NVIDIA declared that its board has approved a stock repurchase program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be paid 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 dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,556,986 shares of company stock valued at $201,687,727 over the last three months. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of analyst reports. Citigroup boosted their price target on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird boosted their target price on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Redburn Atlantic assumed coverage on NVIDIA in a report on Tuesday, November 12th. They set a “buy” rating and a $178.00 price target for the company. Raymond James lifted their price target on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Finally, HSBC increased their price objective on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.