Tyler Stone Wealth Management Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Tyler Stone Wealth Management raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 102.5% in the 3rd quarter, Holdings Channel reports. The firm owned 347,440 shares of the computer hardware maker’s stock after purchasing an additional 175,903 shares during the quarter. NVIDIA accounts for 8.0% of Tyler Stone Wealth Management’s holdings, making the stock its biggest holding. Tyler Stone Wealth Management’s holdings in NVIDIA were worth $42,193,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Truxt Investmentos Ltda. purchased a new position in NVIDIA in the 3rd quarter worth about $3,259,000. Round Rock Advisors LLC grew its stake in NVIDIA by 2.1% in the 3rd quarter. Round Rock Advisors LLC now owns 14,863 shares of the computer hardware maker’s stock worth $1,805,000 after acquiring an additional 309 shares in the last quarter. Colonial River Investments LLC grew its stake in NVIDIA by 4.9% in the 3rd quarter. Colonial River Investments LLC now owns 87,775 shares of the computer hardware maker’s stock worth $10,659,000 after acquiring an additional 4,073 shares in the last quarter. Riverstone Advisors LLC increased its position in shares of NVIDIA by 7.4% during the third quarter. Riverstone Advisors LLC now owns 10,411 shares of the computer hardware maker’s stock worth $1,264,000 after acquiring an additional 713 shares during the period. Finally, Mayflower Financial Advisors LLC raised its stake in shares of NVIDIA by 1.0% during the third quarter. Mayflower Financial Advisors LLC now owns 64,210 shares of the computer hardware maker’s stock valued at $7,798,000 after acquiring an additional 628 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $139.93 on Friday. The stock has a market cap of $3.43 trillion, a PE ratio of 55.07, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a 52-week low of $47.32 and a 52-week high of $152.89. The business has a 50-day simple moving average of $139.99 and a 200-day simple moving average of $127.80. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released 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 business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, equities analysts expect that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued 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 payout ratio is 1.57%.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction 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 dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,351,886 shares of company stock worth $176,825,650. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Monday, November 18th. The Goldman Sachs Group increased their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. William Blair began coverage on NVIDIA in a report on Wednesday, September 18th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Finally, Susquehanna raised their target price on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA 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.