Perfromance Wealth Partners LLC Has $158.64 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Perfromance Wealth Partners LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,306,313 shares of the computer hardware maker’s stock after buying an additional 33,953 shares during the quarter. NVIDIA makes up approximately 5.5% of Perfromance Wealth Partners LLC’s portfolio, making the stock its 5th largest holding. Perfromance Wealth Partners LLC’s holdings in NVIDIA were worth $158,638,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Next Level Private LLC grew its position in NVIDIA by 15.8% during the third quarter. Next Level Private LLC now owns 3,365 shares of the computer hardware maker’s stock valued at $409,000 after buying an additional 460 shares during the period. Meyer Handelman Co. grew its position in NVIDIA by 2.1% during the third quarter. Meyer Handelman Co. now owns 134,560 shares of the computer hardware maker’s stock valued at $16,341,000 after buying an additional 2,740 shares during the period. Bennett Selby Investments LP grew its position in NVIDIA by 14.3% during the third quarter. Bennett Selby Investments LP now owns 19,528 shares of the computer hardware maker’s stock valued at $2,371,000 after buying an additional 2,437 shares during the period. Lloyd Advisory Services LLC. grew its position in NVIDIA by 11.6% during the third quarter. Lloyd Advisory Services LLC. now owns 13,461 shares of the computer hardware maker’s stock valued at $1,635,000 after buying an additional 1,397 shares during the period. Finally, First Affirmative Financial Network grew its position in NVIDIA by 2.3% during the third quarter. First Affirmative Financial Network now owns 46,019 shares of the computer hardware maker’s stock valued at $5,589,000 after buying an additional 1,052 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $146.27 on Thursday. The stock has a market cap of $3.59 trillion, a P/E ratio of 68.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.66. The firm’s fifty day simple moving average is $128.59 and its 200 day simple moving average is $119.33. NVIDIA Co. has a twelve month low of $45.01 and a twelve month high of $149.77. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS 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 analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company’s revenue for the quarter was up 122.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, research analysts predict that NVIDIA Co. will post 2.66 EPS for the current year.

NVIDIA Cuts Dividend

The company 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. This represents a $0.04 annualized dividend and a 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 declared that its board has initiated a stock repurchase 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 generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Bank of America upped their price objective on shares of NVIDIA from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, October 18th. Robert W. Baird upped their price objective on shares of NVIDIA from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Citigroup upped their price objective on shares of NVIDIA from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $138.00 price objective on shares of NVIDIA in a report on Thursday, August 29th. Finally, Sanford C. Bernstein upped their price objective on shares of NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.48.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the completion of the transaction, the chief executive officer now owns 76,375,705 shares of the company’s stock, valued at approximately $8,459,373,085.80. This trade 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 this link. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the completion of the transaction, the chief executive officer now owns 76,375,705 shares of the company’s stock, valued at approximately $8,459,373,085.80. This trade 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 this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated 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 transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,156,270 shares of company stock valued at $254,784,327. 4.23% of the stock is currently owned by company insiders.

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.