Tamar Securities LLC Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Tamar Securities LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 30.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,634 shares of the computer hardware maker’s stock after buying an additional 4,998 shares during the quarter. Tamar Securities LLC’s holdings in NVIDIA were worth $2,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. FLC Capital Advisors increased its position in shares of NVIDIA by 7.3% during the third quarter. FLC Capital Advisors now owns 26,356 shares of the computer hardware maker’s stock valued at $3,201,000 after buying an additional 1,796 shares during the period. Horizon Wealth Management LLC increased its holdings in NVIDIA by 2.0% during the 3rd quarter. Horizon Wealth Management LLC now owns 37,698 shares of the computer hardware maker’s stock worth $4,578,000 after acquiring an additional 724 shares during the period. Cornerstone Wealth Management LLC lifted its stake in NVIDIA by 3.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 240,441 shares of the computer hardware maker’s stock worth $29,199,000 after purchasing an additional 8,801 shares in the last quarter. SPC Financial Inc. increased its holdings in shares of NVIDIA by 172.3% in the third quarter. SPC Financial Inc. now owns 26,797 shares of the computer hardware maker’s stock worth $3,254,000 after purchasing an additional 16,957 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC raised its position in shares of NVIDIA by 20.1% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 183,695 shares of the computer hardware maker’s stock worth $22,308,000 after buying an additional 30,726 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $145.89 on Thursday. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $133.00 and its 200-day moving average price is $121.54. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $149.77. The company has a market cap of $3.58 trillion, a PE ratio of 68.49, a PEG ratio of 1.49 and a beta of 1.66.

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

NVIDIA Dividend Announcement

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

NVIDIA announced that its board has initiated a stock buyback plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have weighed in on NVDA. Craig Hallum raised their price target on NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Susquehanna increased their price objective on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Westpark Capital upped their target price on NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Evercore ISI boosted their price objective on shares of NVIDIA from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, TD Cowen upgraded shares of NVIDIA to a “strong-buy” rating in a research report on Monday, September 16th. Five investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.63.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 165,100 shares of NVIDIA stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $121.27, for a total transaction of $20,021,677.00. Following the transaction, the director now owns 8,420,117 shares in the company, valued at $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 on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the sale, the director now owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. This trade represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,156,270 shares of company stock worth $254,784,327 in the last three months. 4.23% of the stock is currently owned by company insiders.

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.