DBK Financial Counsel LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

DBK Financial Counsel LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 16.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,028 shares of the computer hardware maker’s stock after buying an additional 2,000 shares during the quarter. NVIDIA comprises about 1.7% of DBK Financial Counsel LLC’s investment portfolio, making the stock its 19th biggest position. DBK Financial Counsel LLC’s holdings in NVIDIA were worth $1,704,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in NVDA. Boltwood Capital Management lifted its stake in shares of NVIDIA by 1.6% during the third quarter. Boltwood Capital Management now owns 46,000 shares of the computer hardware maker’s stock valued at $5,586,000 after buying an additional 725 shares during the period. JLB & Associates Inc. acquired a new position in NVIDIA in the third quarter valued at $233,000. First Community Trust NA boosted its stake in NVIDIA by 26.4% in the 3rd quarter. First Community Trust NA now owns 48,989 shares of the computer hardware maker’s stock worth $5,949,000 after buying an additional 10,219 shares during the last quarter. Mid American Wealth Advisory Group Inc. grew its holdings in NVIDIA by 5.2% in the 3rd quarter. Mid American Wealth Advisory Group Inc. now owns 2,266 shares of the computer hardware maker’s stock valued at $275,000 after buying an additional 112 shares during the period. Finally, Abacus Planning Group Inc. grew its holdings in NVIDIA by 20.2% in the third quarter. Abacus Planning Group Inc. now owns 33,929 shares of the computer hardware maker’s stock valued at $4,120,000 after purchasing an additional 5,698 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the sale, the director now owns 5,852,480 shares in the company, valued at $698,025,289.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction dated 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 transaction, the director now owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the sale, the director now directly owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,396,270 shares of company stock valued at $279,825,927. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $136.05 on Tuesday. NVIDIA Co. has a 52 week low of $44.90 and a 52 week high of $144.42. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $125.45 and its two-hundred day moving average price is $116.60. The stock has a market cap of $3.34 trillion, a PE ratio of 63.87, a price-to-earnings-growth ratio of 1.40 and a beta of 1.66.

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 the consensus estimate 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 revenue was up 122.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

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

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 issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is presently 1.88%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NVDA shares. 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. Benchmark reiterated a “buy” rating and set a $170.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. William Blair started coverage on NVIDIA in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Mizuho raised their price objective on shares of NVIDIA from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 price target on shares of NVIDIA in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.07.

About NVIDIA

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.