NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Lbmc Investment Advisors LLC

Lbmc Investment Advisors LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,121 shares of the computer hardware maker’s stock after purchasing an additional 885 shares during the period. Lbmc Investment Advisors LLC’s holdings in NVIDIA were worth $1,351,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dakota Community Bank & Trust NA boosted its stake in shares of NVIDIA by 5.5% during the third quarter. Dakota Community Bank & Trust NA now owns 3,102 shares of the computer hardware maker’s stock worth $377,000 after buying an additional 162 shares during the period. Clean Yield Group increased its holdings in shares of NVIDIA by 332.8% in the third quarter. Clean Yield Group now owns 77,694 shares of the computer hardware maker’s stock valued at $9,435,000 after purchasing an additional 59,744 shares during the period. Advance Capital Management Inc. raised its stake in shares of NVIDIA by 3.9% during the third quarter. Advance Capital Management Inc. now owns 29,754 shares of the computer hardware maker’s stock worth $3,613,000 after purchasing an additional 1,121 shares during the last quarter. MBM Wealth Consultants LLC grew its position in NVIDIA by 5.0% in the 3rd quarter. MBM Wealth Consultants LLC now owns 16,304 shares of the computer hardware maker’s stock valued at $1,980,000 after buying an additional 782 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. grew its position in NVIDIA by 18.5% in the 3rd quarter. Financial Synergies Wealth Advisors Inc. now owns 4,041 shares of the computer hardware maker’s stock valued at $491,000 after buying an additional 630 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA stock opened at $147.63 on Friday. 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 $3.62 trillion, a price-to-earnings ratio of 69.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. NVIDIA Co. has a one year low of $45.01 and a one year high of $149.77. The company has a 50 day moving average price of $127.27 and a 200 day moving average price of $117.94.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 122.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. Sell-side analysts anticipate that NVIDIA Co. will post 2.66 EPS for the current year.

NVIDIA announced that its Board of Directors 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 buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

NVIDIA Cuts Dividend

The company also recently disclosed 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 of this dividend was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.88%.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the sale, the insider now owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59. This 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 the SEC website. In related news, Director Mark A. Stevens sold 40,000 shares of NVIDIA stock in a transaction on Friday, September 27th. The shares were sold at an average price of $121.01, for a total transaction of $4,840,400.00. Following the transaction, the director now owns 8,380,117 shares in the company, valued at approximately $1,014,077,958.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the 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 of the company’s stock, valued at approximately $57,370,572.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock valued at $254,784,327 in the last three months. Corporate insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 target price on shares of NVIDIA in a research note on Monday, August 5th. Mizuho increased their target price on NVIDIA from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Loop Capital restated a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday, August 26th. The Goldman Sachs Group increased their price objective on NVIDIA from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Raymond James boosted their target price on shares of NVIDIA from $120.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 29th. Five analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned 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.