NVIDIA Co. (NASDAQ:NVDA) is Stillwater Capital Advisors LLC’s Largest Position

Stillwater Capital Advisors LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,870 shares of the computer hardware maker’s stock after selling 14,188 shares during the quarter. NVIDIA makes up about 8.0% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its largest holding. Stillwater Capital Advisors LLC’s holdings in NVIDIA were worth $62,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. increased its holdings in NVIDIA by 0.8% in the third quarter. Jamison Private Wealth Management Inc. now owns 191,693 shares of the computer hardware maker’s stock valued at $23,279,000 after buying an additional 1,459 shares during the last quarter. Sentry LLC acquired a new position in shares of NVIDIA in the 3rd quarter worth approximately $390,000. CCG Wealth Management LLC increased its holdings in shares of NVIDIA by 10.5% in the 3rd quarter. CCG Wealth Management LLC now owns 10,350 shares of the computer hardware maker’s stock valued at $1,257,000 after acquiring an additional 983 shares during the last quarter. Capstone Wealth Management Group LLC raised its position in shares of NVIDIA by 94.0% during the 3rd quarter. Capstone Wealth Management Group LLC now owns 4,025 shares of the computer hardware maker’s stock valued at $489,000 after acquiring an additional 1,950 shares in the last quarter. Finally, Cascade Investment Group Inc. lifted its stake in NVIDIA by 57.6% during the third quarter. Cascade Investment Group Inc. now owns 7,873 shares of the computer hardware maker’s stock worth $956,000 after purchasing an additional 2,878 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 165,100 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $121.27, for a total transaction of $20,021,677.00. Following the completion of the sale, the director now directly owns 8,420,117 shares in the company, valued at approximately $1,021,107,588.59. This trade represents a 1.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the transaction, the director now owns 5,852,480 shares in the company, valued at $698,025,289.60. This represents a 14.59 % 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 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $147.01 on Wednesday. The company has a market capitalization of $3.61 trillion, a PE ratio of 69.02, a price-to-earnings-growth ratio of 1.49 and a beta of 1.66. 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 stock has a fifty day moving average of $132.42 and a 200-day moving average of $121.37. NVIDIA Co. has a one year low of $45.01 and a one year high of $149.77.

NVIDIA (NASDAQ:NVDA) last announced its earnings results 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 the consensus estimate of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. NVIDIA’s revenue was up 122.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 2.67 EPS for the current fiscal year.

NVIDIA declared that its board has authorized a stock buyback plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

NVIDIA Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.88%.

Analysts Set New Price Targets

A number of analysts have weighed in on NVDA shares. Loop Capital reissued a “buy” rating and set a $175.00 target price on shares of NVIDIA in a report on Monday, August 26th. UBS Group increased their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Bank of America upped their target price on NVIDIA from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, October 18th. William Blair initiated coverage on NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Finally, Morgan Stanley boosted their price objective on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. 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 company’s stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $154.63.

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.