All Season Financial Advisors Inc. Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

All Season Financial Advisors Inc. grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 877.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,211 shares of the computer hardware maker’s stock after purchasing an additional 3,780 shares during the period. All Season Financial Advisors Inc.’s holdings in NVIDIA were worth $520,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of NVIDIA in the first quarter worth $26,000. Koesten Hirschmann & Crabtree INC. purchased a new position in NVIDIA in the 1st quarter worth $27,000. HBC Financial Services PLLC purchased a new stake in NVIDIA during the 1st quarter valued at about $30,000. Norwood Financial Corp acquired a new position in shares of NVIDIA in the first quarter valued at about $45,000. Finally, Coston McIsaac & Partners raised its stake in shares of NVIDIA by 231.3% in the first quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock worth $47,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NVDA shares. DZ Bank lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $102.50 price target for the company. in a research report on Friday, May 24th. Westpark Capital upped their price target on shares of NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Oppenheimer reiterated an “outperform” rating and set a $110.00 price objective on shares of NVIDIA in a research note on Thursday, May 23rd. Piper Sandler restated an “overweight” rating and issued a $140.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. Finally, Craig Hallum lifted their price target on NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $142.10.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $105.33, for a total value of $12,639,600.00. Following the completion of the sale, the chief executive officer now owns 75,895,836 shares of the company’s stock, valued at $7,994,108,405.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Colette Kress sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $126.99, for a total value of $12,699,000.00. Following the transaction, the chief financial officer now directly owns 5,288,862 shares in the company, valued at $671,632,585.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $105.33, for a total value of $12,639,600.00. Following the completion of the transaction, the chief executive officer now owns 75,895,836 shares of the company’s stock, valued at $7,994,108,405.88. The disclosure for this sale can be found here. Insiders have sold a total of 3,725,633 shares of company stock worth $451,910,522 in the last quarter. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 8.1 %

Shares of NASDAQ NVDA opened at $116.91 on Thursday. The stock has a market cap of $2.88 trillion, a PE ratio of 68.37, a P/E/G ratio of 0.93 and a beta of 1.67. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. NVIDIA Co. has a 12-month low of $39.23 and a 12-month high of $140.76. The company has a 50-day moving average of $117.74 and a 200 day moving average of $105.37.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s revenue was up 122.4% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 2.64 EPS for the current fiscal year.

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

NVIDIA declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

NVIDIA Company 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.