NVIDIA Co. (NASDAQ:NVDA) Shares Bought by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 761.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,100 shares of the computer hardware maker’s stock after purchasing an additional 2,740 shares during the quarter. LaFleur & Godfrey LLC’s holdings in NVIDIA were worth $383,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Aveo Capital Partners LLC raised its position in shares of NVIDIA by 30.5% during the 4th quarter. Aveo Capital Partners LLC now owns 2,351 shares of the computer hardware maker’s stock valued at $1,164,000 after acquiring an additional 549 shares in the last quarter. Aviance Capital Partners LLC increased its stake in NVIDIA by 14.5% during the fourth quarter. Aviance Capital Partners LLC now owns 16,084 shares of the computer hardware maker’s stock valued at $7,965,000 after purchasing an additional 2,032 shares during the last quarter. Petix & Botte Co raised its holdings in shares of NVIDIA by 8.8% during the fourth quarter. Petix & Botte Co now owns 988 shares of the computer hardware maker’s stock worth $489,000 after purchasing an additional 80 shares during the period. Family Asset Management LLC bought a new position in shares of NVIDIA in the 4th quarter worth about $219,000. Finally, Northern Financial Advisors Inc boosted its holdings in shares of NVIDIA by 3.7% in the 4th quarter. Northern Financial Advisors Inc now owns 2,082 shares of the computer hardware maker’s stock valued at $1,031,000 after buying an additional 74 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $128.17, for a total value of $576,765.00. Following the sale, the insider now owns 503,878 shares of the company’s stock, valued at approximately $64,582,043.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Colette Kress sold 100,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $126.99, for a total transaction of $12,699,000.00. Following the completion of the transaction, the chief financial officer now directly owns 5,288,862 shares in the company, valued at approximately $671,632,585.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $128.17, for a total transaction of $576,765.00. Following the transaction, the insider now owns 503,878 shares in the company, valued at approximately $64,582,043.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,725,633 shares of company stock valued at $451,910,522. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 8.1 %

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

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business had revenue of $30.04 billion during the quarter, compared to analysts’ expectations of $28.74 billion. During the same period in the previous year, the company earned $0.25 earnings per share. NVIDIA’s revenue for the quarter was up 122.4% on a year-over-year basis. Research analysts forecast that NVIDIA Co. will post 2.64 EPS for the current year.

NVIDIA announced that its board has authorized 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 typically an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on NVDA. Mizuho upped their target price on NVIDIA from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $115.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Sanford C. Bernstein increased their target price on shares of NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Benchmark reiterated a “buy” rating and set a $170.00 price target on shares of NVIDIA in a research report on Thursday, August 29th. Finally, Jefferies Financial Group lifted their price objective on shares of NVIDIA from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Five analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $142.10.

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.