NVIDIA Co. (NASDAQ:NVDA) Shares Bought by JBR Co Financial Management Inc

JBR Co Financial Management Inc raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,534 shares of the computer hardware maker’s stock after purchasing an additional 3,180 shares during the quarter. NVIDIA accounts for approximately 15.7% of JBR Co Financial Management Inc’s investment portfolio, making the stock its biggest holding. JBR Co Financial Management Inc’s holdings in NVIDIA were worth $23,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its position in NVIDIA by 52.2% during the first quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock worth $34,597,000 after acquiring an additional 13,135 shares during the period. Gilbert & Cook Inc. lifted its position in shares of NVIDIA by 0.6% in the first quarter. Gilbert & Cook Inc. now owns 7,933 shares of the computer hardware maker’s stock valued at $7,168,000 after acquiring an additional 45 shares in the last quarter. Quent Capital LLC increased its position in shares of NVIDIA by 3.2% during the first quarter. Quent Capital LLC now owns 14,446 shares of the computer hardware maker’s stock worth $13,053,000 after purchasing an additional 454 shares in the last quarter. Haverford Trust Co lifted its holdings in NVIDIA by 25.1% in the 1st quarter. Haverford Trust Co now owns 5,441 shares of the computer hardware maker’s stock valued at $4,916,000 after purchasing an additional 1,091 shares in the last quarter. Finally, Graypoint LLC boosted its stake in NVIDIA by 1.6% during the 1st quarter. Graypoint LLC now owns 44,714 shares of the computer hardware maker’s stock worth $40,402,000 after purchasing an additional 684 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the sale, the director now owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. The trade was a 14.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the sale, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,156,270 shares of company stock valued at $254,784,327. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $141.98 on Friday. 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 Co. has a 52 week low of $45.01 and a 52 week high of $149.77. The firm’s 50 day moving average is $130.18 and its two-hundred day moving average is $119.70. The firm has a market capitalization of $3.48 trillion, a P/E ratio of 66.66, a P/E/G ratio of 1.54 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. NVIDIA’s revenue for the quarter was up 122.4% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. Research analysts forecast that NVIDIA Co. will post 2.66 EPS for the current fiscal year.

NVIDIA declared that its board has initiated a stock repurchase program on Wednesday, August 28th that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership 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 paid 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 presently 1.88%.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent research reports. New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Tuesday, August 6th. The Goldman Sachs Group boosted their price objective on NVIDIA from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Oppenheimer upped their target price on NVIDIA from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday. Benchmark reiterated a “buy” rating and set a $170.00 price target on shares of NVIDIA in a report on Thursday, August 29th. Finally, Needham & Company LLC upped their price objective on shares of NVIDIA from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.40.

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.