Financial Synergies Wealth Advisors Inc. Has $491,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Financial Synergies Wealth Advisors Inc. raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 18.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,041 shares of the computer hardware maker’s stock after purchasing an additional 630 shares during the period. Financial Synergies Wealth Advisors Inc.’s holdings in NVIDIA were worth $491,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Privium Fund Management UK Ltd bought a new position in shares of NVIDIA during the first quarter worth approximately $2,635,000. First Trust Direct Indexing L.P. grew its holdings in NVIDIA by 20.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 62,865 shares of the computer hardware maker’s stock valued at $56,802,000 after buying an additional 10,478 shares in the last quarter. Accel Wealth Management increased its position in NVIDIA by 16.8% during the 1st quarter. Accel Wealth Management now owns 2,776 shares of the computer hardware maker’s stock worth $2,508,000 after buying an additional 399 shares during the period. RBA Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter worth $293,000. Finally, Core Wealth Partners LLC boosted its position in shares of NVIDIA by 1.1% in the first quarter. Core Wealth Partners LLC now owns 1,906 shares of the computer hardware maker’s stock valued at $1,722,000 after acquiring an additional 21 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVDA shares. Craig Hallum lifted their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Wells Fargo & Company lifted their price target on shares of NVIDIA from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price target on shares of NVIDIA in a research report on Thursday, August 29th. William Blair initiated coverage on NVIDIA in a report on Wednesday, September 18th. They issued an “outperform” rating for the company. Finally, Loop Capital reiterated a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research report on Monday, August 26th. Five investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $143.07.

NVIDIA Trading Down 0.8 %

Shares of NASDAQ NVDA opened at $147.63 on Friday. The stock has a market cap of $3.62 trillion, a P/E ratio of 69.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. The firm has a 50 day moving average price of $127.27 and a two-hundred day moving average price of $117.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $149.77.

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, topping the consensus estimate of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same period last year, the company earned $0.25 EPS. NVIDIA’s revenue for the quarter was up 122.4% compared to the same quarter last year. As a group, equities analysts forecast that NVIDIA Co. will post 2.66 EPS for the current year.

NVIDIA Cuts Dividend

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

NVIDIA announced that its board has approved a stock 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 reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the completion of the transaction, the chief executive officer now owns 76,494,995 shares in the company, valued at approximately $9,105,199,254.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the completion of the sale, the chief executive officer now directly owns 76,494,995 shares in the company, valued at $9,105,199,254.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock worth $254,784,327 over the last ninety days. Insiders own 4.23% of the company’s stock.

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.