NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Increased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1,002.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,387 shares of the computer hardware maker’s stock after acquiring an additional 96,734 shares during the period. NVIDIA comprises 2.9% of Catalyst Financial Partners LLC’s holdings, making the stock its 8th biggest position. Catalyst Financial Partners LLC’s holdings in NVIDIA were worth $13,143,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NVDA. Aveo Capital Partners LLC boosted its holdings in shares of NVIDIA by 30.5% in 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 during the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of NVIDIA by 60.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 14,514 shares of the computer hardware maker’s stock valued at $7,188,000 after purchasing an additional 5,496 shares during the period. Moran Wealth Management LLC lifted its stake in shares of NVIDIA by 937.4% in the 4th quarter. Moran Wealth Management LLC now owns 23,455 shares of the computer hardware maker’s stock valued at $11,615,000 after purchasing an additional 21,194 shares during the period. Pacific Sun Financial Corp acquired a new position in shares of NVIDIA in the 4th quarter valued at $214,000. Finally, Nordwand Advisors LLC lifted its stake in shares of NVIDIA by 40.0% in the 4th quarter. Nordwand Advisors LLC now owns 140 shares of the computer hardware maker’s stock valued at $69,000 after purchasing an additional 40 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 1.0 %

Shares of NVDA opened at $115.59 on Wednesday. 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 firm has a 50-day moving average price of $116.88 and a 200 day moving average price of $106.63. The firm has a market capitalization of $2.84 trillion, a P/E ratio of 67.60, a P/E/G ratio of 1.06 and a beta of 1.67.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 net margin of 55.04% and a return on equity of 113.50%. The firm had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. NVIDIA’s quarterly revenue was up 122.4% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.64 EPS for the current year.

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

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 dividend of $0.01 per share. This represents a $0.04 annualized dividend and a 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%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the completion of the transaction, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at $7,694,851,450.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the completion of the transaction, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at $7,694,851,450.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 100,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $126.99, for a total transaction of $12,699,000.00. Following the transaction, the chief financial officer now directly owns 5,288,862 shares of the company’s stock, valued at approximately $671,632,585.38. The disclosure for this sale can be found here. Insiders sold a total of 3,845,633 shares of company stock valued at $465,330,122 over the last 90 days. 4.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NVDA shares. UBS Group boosted their target price on shares of NVIDIA from $120.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. New Street Research upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Tuesday, August 6th. Wolfe Research boosted their target price on shares of NVIDIA from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Craig Hallum boosted their target price on shares of NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, DZ Bank cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $102.50 price objective for the company. in a research report on Friday, May 24th. Five equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target 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.