Kwmg LLC Sells 90 Shares of NVIDIA Co. (NASDAQ:NVDA)

Kwmg LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,990 shares of the computer hardware maker’s stock after selling 90 shares during the period. Kwmg LLC’s holdings in NVIDIA were worth $1,578,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NVDA. KWB Wealth purchased a new stake in NVIDIA in the third quarter worth approximately $1,046,000. Sandbox Financial Partners LLC boosted its stake in shares of NVIDIA by 7.7% during the 3rd quarter. Sandbox Financial Partners LLC now owns 49,368 shares of the computer hardware maker’s stock worth $5,995,000 after purchasing an additional 3,515 shares during the period. MKT Advisors LLC boosted its stake in shares of NVIDIA by 5.4% during the 3rd quarter. MKT Advisors LLC now owns 9,064 shares of the computer hardware maker’s stock worth $1,077,000 after purchasing an additional 461 shares during the period. Eagle Rock Investment Company LLC purchased a new position in shares of NVIDIA during the 3rd quarter worth about $266,000. Finally, Consilio Wealth Advisors LLC boosted its position in NVIDIA by 12.9% in the 3rd quarter. Consilio Wealth Advisors LLC now owns 27,605 shares of the computer hardware maker’s stock valued at $3,352,000 after buying an additional 3,162 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related 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 value of $20,501,850.00. Following the transaction, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This trade represents a 0.00 % decrease in their position. The sale 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 125,000 shares of NVIDIA stock in a transaction dated 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 transaction, the director now owns 8,255,117 shares of the company’s stock, valued at $1,012,159,895.37. 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 Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction dated 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 transaction, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,276,270 shares of company stock valued at $267,363,927 over the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $145.61 on Thursday. NVIDIA Co. has a one year low of $45.01 and a one year high of $146.49. The stock’s fifty day moving average is $126.08 and its 200-day moving average is $117.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. The firm has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 68.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share 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 business had revenue of $30.04 billion for the quarter, compared to analysts’ expectations of $28.74 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The company’s revenue was up 122.4% on a year-over-year basis. Equities analysts anticipate that NVIDIA Co. will post 2.66 EPS for the current year.

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

NVIDIA Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s payout ratio is currently 1.88%.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $90.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. Morgan Stanley restated an “overweight” rating and set a $150.00 price objective on shares of NVIDIA in a research report on Thursday, October 10th. The Goldman Sachs Group increased their target price on shares of NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Wells Fargo & Company raised their price objective on shares of NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Finally, Benchmark reaffirmed a “buy” rating and set a $170.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. Five equities 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 company. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price 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.