NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,161 shares of the computer hardware maker’s stock after buying an additional 1,083 shares during the period. NVIDIA accounts for 0.7% of Goelzer Investment Management Inc.’s investment portfolio, making the stock its 20th largest position. Goelzer Investment Management Inc.’s holdings in NVIDIA were worth $12,285,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in NVDA. Quantum Financial Advisors LLC raised its stake in NVIDIA by 5.3% during the third quarter. Quantum Financial Advisors LLC now owns 31,709 shares of the computer hardware maker’s stock worth $3,851,000 after purchasing an additional 1,601 shares during the period. Allied Investment Advisors LLC increased its holdings in shares of NVIDIA by 60.8% during the 3rd quarter. Allied Investment Advisors LLC now owns 4,190 shares of the computer hardware maker’s stock worth $509,000 after buying an additional 1,585 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in shares of NVIDIA by 4.8% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 72,981 shares of the computer hardware maker’s stock valued at $8,863,000 after buying an additional 3,360 shares during the period. Thrive Wealth Management LLC lifted its holdings in NVIDIA by 65.2% in the third quarter. Thrive Wealth Management LLC now owns 33,561 shares of the computer hardware maker’s stock valued at $4,076,000 after acquiring an additional 13,240 shares during the last quarter. Finally, Breakwater Capital Group grew its position in NVIDIA by 3.1% in the third quarter. Breakwater Capital Group now owns 33,678 shares of the computer hardware maker’s stock worth $4,090,000 after acquiring an additional 1,020 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the transaction, the director now directly owns 5,852,480 shares in the company, valued at approximately $698,025,289.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, 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 approximately $698,025,289.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $104.83, for a total value of $12,579,600.00. Following the completion of the transaction, the chief executive officer now directly owns 76,614,995 shares in the company, valued at approximately $8,031,549,925.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,276,270 shares of company stock worth $267,363,927 in the last 90 days. 4.23% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $139.91 on Wednesday. The company’s fifty day moving average price is $125.68 and its 200 day moving average price is $117.05. The firm has a market capitalization of $3.43 trillion, a P/E ratio of 65.62, a P/E/G ratio of 1.43 and a beta of 1.66. NVIDIA Co. has a 12 month low of $44.90 and a 12 month high of $144.42. 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 (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $30.04 billion during the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business’s quarterly revenue was up 122.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. As a group, sell-side analysts predict that NVIDIA Co. will post 2.65 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated 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 purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a $0.01 dividend. The ex-dividend date was 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 1.88%.

Analyst Ratings Changes

A number of research firms have commented on NVDA. Loop Capital restated a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Monday, August 26th. KeyCorp upped their target price on shares of NVIDIA from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Benchmark reaffirmed a “buy” rating and set a $170.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. William Blair assumed coverage on shares of NVIDIA in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Finally, Craig Hallum increased their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.07.

NVIDIA 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.