NVIDIA Co. (NASDAQ:NVDA) Holdings Decreased by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 14.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,652 shares of the computer hardware maker’s stock after selling 17,199 shares during the quarter. NVIDIA makes up about 5.5% of MADDEN SECURITIES Corp’s holdings, making the stock its 3rd biggest holding. MADDEN SECURITIES Corp’s holdings in NVIDIA were worth $12,709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its position in NVIDIA by 52.2% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock valued at $34,597,000 after purchasing an additional 13,135 shares during the last quarter. Blackhawk Capital Partners LLC. grew its position in NVIDIA by 155.0% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 1,780 shares of the computer hardware maker’s stock valued at $1,608,000 after purchasing an additional 1,082 shares during the last quarter. Resonant Capital Advisors LLC grew its position in NVIDIA by 43.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 5,850 shares of the computer hardware maker’s stock valued at $5,286,000 after purchasing an additional 1,761 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its position in NVIDIA by 5.3% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 1,198 shares of the computer hardware maker’s stock valued at $1,082,000 after purchasing an additional 60 shares during the last quarter. Finally, 5th Street Advisors LLC purchased a new stake in NVIDIA during the 1st quarter valued at about $233,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $146.27 on Thursday. The stock has a 50 day moving average of $128.59 and a 200 day moving average of $119.33. NVIDIA Co. has a 12 month low of $45.01 and a 12 month high of $149.77. The firm has a market cap of $3.59 trillion, a PE ratio of 68.61, a PEG ratio of 1.56 and a beta of 1.66. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 122.4% on a year-over-year basis. On average, research analysts expect that NVIDIA Co. will post 2.66 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is 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 given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.88%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 492,409 shares in the company, valued at $57,370,572.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was 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 in the company, valued at approximately $57,370,572.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,156,270 shares of company stock worth $254,784,327 over the last ninety days. Company insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Thursday, August 29th. Redburn Atlantic initiated coverage on shares of NVIDIA in a report on Tuesday. They set a “buy” rating and a $178.00 price target on the stock. Robert W. Baird raised their price target on shares of NVIDIA from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Wedbush reaffirmed an “outperform” rating and set a $138.00 price target on shares of NVIDIA in a report on Thursday, August 29th. Finally, Melius Research increased their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.48.

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.