Peoples Financial Services CORP. Has $97,000 Position in NVIDIA Co. (NASDAQ:NVDA)

Peoples Financial Services CORP. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 14.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 800 shares of the computer hardware maker’s stock after acquiring an additional 100 shares during the quarter. Peoples Financial Services CORP.’s holdings in NVIDIA were worth $97,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Verum Partners LLC lifted its position in NVIDIA by 8.9% during the 3rd quarter. Verum Partners LLC now owns 12,772 shares of the computer hardware maker’s stock worth $1,551,000 after buying an additional 1,042 shares in the last quarter. Sunpointe LLC raised its stake in shares of NVIDIA by 4.5% in the third quarter. Sunpointe LLC now owns 47,888 shares of the computer hardware maker’s stock worth $5,816,000 after acquiring an additional 2,062 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of NVIDIA by 0.5% during the third quarter. SeaCrest Wealth Management LLC now owns 409,076 shares of the computer hardware maker’s stock worth $49,678,000 after purchasing an additional 2,123 shares in the last quarter. Safeguard Financial LLC grew its stake in shares of NVIDIA by 23.0% during the third quarter. Safeguard Financial LLC now owns 16,640 shares of the computer hardware maker’s stock valued at $2,021,000 after purchasing an additional 3,107 shares during the last quarter. Finally, Tsfg LLC increased its holdings in shares of NVIDIA by 0.6% in the third quarter. Tsfg LLC now owns 60,992 shares of the computer hardware maker’s stock valued at $7,407,000 after purchasing an additional 366 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $116.51, for a total value of $524,295.00. Following the transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $105.33, for a total value of $12,639,600.00. Following the completion of the transaction, the chief executive officer now directly owns 75,895,836 shares in the company, valued at $7,994,108,405.88. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,156,270 shares of company stock worth $254,784,327. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Up 4.9 %

NASDAQ NVDA opened at $147.01 on Wednesday. NVIDIA Co. has a 12 month low of $45.01 and a 12 month high of $149.77. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $132.42 and a 200-day moving average of $121.37. The company has a market cap of $3.61 trillion, a PE ratio of 69.02, a PEG ratio of 1.49 and a beta of 1.66.

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 analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The company had revenue of $30.04 billion during the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 122.4% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Co. will post 2.67 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

NVIDIA Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler upped their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a research note on Tuesday, October 8th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a report on Monday. Robert W. Baird lifted their price target on shares of NVIDIA from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company increased their price objective on shares of NVIDIA from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Five 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 stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average 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.