NVIDIA Co. (NASDAQ:NVDA) Position Raised by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 900.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,790 shares of the computer hardware maker’s stock after acquiring an additional 76,311 shares during the period. NVIDIA makes up about 5.7% of Moser Wealth Advisors LLC’s portfolio, making the stock its 5th biggest holding. Moser Wealth Advisors LLC’s holdings in NVIDIA were worth $10,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concentric Wealth Management LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $220,000. Chilton Investment Co. Inc. boosted its stake in shares of NVIDIA by 53.3% during the 4th quarter. Chilton Investment Co. Inc. now owns 964 shares of the computer hardware maker’s stock worth $477,000 after acquiring an additional 335 shares in the last quarter. Brevan Howard Capital Management LP grew its holdings in NVIDIA by 640.5% in the fourth quarter. Brevan Howard Capital Management LP now owns 22,185 shares of the computer hardware maker’s stock valued at $10,986,000 after purchasing an additional 19,189 shares during the period. Biltmore Family Office LLC grew its stake in NVIDIA by 3.1% in the 4th quarter. Biltmore Family Office LLC now owns 2,704 shares of the computer hardware maker’s stock valued at $1,339,000 after acquiring an additional 82 shares during the period. Finally, Barden Capital Management Inc. raised its position in NVIDIA by 11.7% during the fourth quarter. Barden Capital Management Inc. now owns 8,226 shares of the computer hardware maker’s stock worth $4,074,000 after acquiring an additional 862 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the sale, the director now directly owns 8,255,117 shares in the company, valued at $1,012,159,895.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $128.92, for a total transaction of $15,470,400.00. Following the completion of the transaction, the chief executive officer now directly owns 78,894,995 shares in the company, valued at $10,171,142,755.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 125,000 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total value of $15,326,250.00. Following the transaction, the director now owns 8,255,117 shares of the company’s stock, valued at approximately $1,012,159,895.37. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,201,270 shares of company stock worth $371,285,277. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $134.81 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.76. The business’s 50-day simple moving average is $117.48 and its 200-day simple moving average is $110.17. The firm has a market capitalization of $3.32 trillion, a P/E ratio of 78.84, a P/E/G ratio of 1.05 and a beta of 1.67.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to analysts’ expectations of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The firm’s quarterly revenue was up 122.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Equities analysts predict that NVIDIA Co. will post 2.65 EPS for the current year.

NVIDIA announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 2.34%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. TD Cowen raised shares of NVIDIA to a “strong-buy” rating in a research note on Monday, September 16th. UBS Group restated a “buy” rating and set a $150.00 target price on shares of NVIDIA in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating and issued a $150.00 target price on shares of NVIDIA in a report on Thursday. HSBC upped their price target on NVIDIA from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Citigroup raised their price target on shares of NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.