NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by FLC Capital Advisors

FLC Capital Advisors grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,356 shares of the computer hardware maker’s stock after acquiring an additional 1,796 shares during the period. FLC Capital Advisors’ holdings in NVIDIA were worth $3,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of NVIDIA in the 1st quarter valued at about $26,000. Koesten Hirschmann & Crabtree INC. bought a new position in NVIDIA in the first quarter worth about $27,000. TCTC Holdings LLC acquired a new position in NVIDIA in the first quarter valued at approximately $82,000. Delos Wealth Advisors LLC boosted its stake in NVIDIA by 600.0% in the first quarter. Delos Wealth Advisors LLC now owns 112 shares of the computer hardware maker’s stock valued at $101,000 after acquiring an additional 96 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $25,000. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.03, for a total value of $14,283,600.00. Following the transaction, the chief executive officer now owns 76,494,995 shares of the company’s stock, valued at $9,105,199,254.85. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the sale, the insider now owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This trade represents a 0.91 % 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 in the last 90 days. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on NVDA shares. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $115.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Mizuho boosted their price target on shares of NVIDIA from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Tuesday, October 8th. Oppenheimer boosted their target price on shares of NVIDIA from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Monday. Five investment 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. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $154.63.

NVIDIA Trading Down 0.8 %

Shares of NASDAQ NVDA opened at $145.89 on Thursday. The firm has a market capitalization of $3.58 trillion, a PE ratio of 68.49, a PEG ratio of 1.49 and a beta of 1.66. NVIDIA Co. has a one year low of $45.01 and a one year 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 business has a 50-day moving average price of $133.00 and a two-hundred day moving average price of $121.54.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The firm’s revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, analysts predict that NVIDIA Co. will post 2.67 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has initiated a stock buyback plan 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 reacquire up to 1.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.88%.

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.