Curbstone Financial Management Corp Purchases 94 Shares of NVIDIA Co. (NASDAQ:NVDA)

Curbstone Financial Management Corp lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,470 shares of the computer hardware maker’s stock after purchasing an additional 94 shares during the period. Curbstone Financial Management Corp’s holdings in NVIDIA were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Privium Fund Management UK Ltd acquired a new position in NVIDIA during the 1st quarter worth about $2,635,000. Miracle Mile Advisors LLC raised its position in shares of NVIDIA by 5.3% during the first quarter. Miracle Mile Advisors LLC now owns 39,794 shares of the computer hardware maker’s stock worth $35,956,000 after acquiring an additional 2,003 shares during the last quarter. CCG Wealth Management LLC lifted its stake in shares of NVIDIA by 27.9% in the first quarter. CCG Wealth Management LLC now owns 587 shares of the computer hardware maker’s stock worth $531,000 after acquiring an additional 128 shares during the period. Claro Advisors LLC boosted its holdings in NVIDIA by 3.4% in the first quarter. Claro Advisors LLC now owns 10,152 shares of the computer hardware maker’s stock valued at $9,173,000 after acquiring an additional 337 shares during the last quarter. Finally, O ROURKE & COMPANY Inc increased its position in NVIDIA by 16.2% during the 1st quarter. O ROURKE & COMPANY Inc now owns 611 shares of the computer hardware maker’s stock valued at $552,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. TD Cowen upgraded NVIDIA to a “strong-buy” rating in a report on Monday, September 16th. Needham & Company LLC boosted their price objective on NVIDIA from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Robert W. Baird upped their target price on NVIDIA from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Bank of America lifted their target price on NVIDIA from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Five research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $143.07.

NVIDIA Stock Performance

NVDA stock opened at $136.05 on Tuesday. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.34 trillion, a PE ratio of 63.87, a P/E/G ratio of 1.40 and a beta of 1.66. The business has a 50 day moving average of $125.45 and a 200-day moving average of $116.60. NVIDIA Co. has a 12-month low of $44.90 and a 12-month high of $144.42.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business’s revenue was up 122.4% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. As a group, sell-side analysts expect that NVIDIA Co. will post 2.65 earnings per share for the current year.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s dividend payout ratio is 1.88%.

NVIDIA declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the sale, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,396,270 shares of company stock worth $279,825,927 over the last three months. 4.23% of the stock is currently owned by insiders.

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.