NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Nottingham Advisors Inc.

Nottingham Advisors Inc. decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,900 shares of the computer hardware maker’s stock after selling 481 shares during the quarter. Nottingham Advisors Inc.’s holdings in NVIDIA were worth $474,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Naviter Wealth LLC increased its holdings in shares of NVIDIA by 14.7% in the 3rd quarter. Naviter Wealth LLC now owns 129,254 shares of the computer hardware maker’s stock valued at $15,698,000 after acquiring an additional 16,520 shares during the last quarter. Mezzasalma Advisors LLC lifted its position in NVIDIA by 0.9% during the 3rd quarter. Mezzasalma Advisors LLC now owns 140,115 shares of the computer hardware maker’s stock worth $17,016,000 after acquiring an additional 1,194 shares during the period. Hengehold Capital Management LLC lifted its position in NVIDIA by 8.8% during the 3rd quarter. Hengehold Capital Management LLC now owns 32,357 shares of the computer hardware maker’s stock worth $3,929,000 after acquiring an additional 2,628 shares during the period. Mayport LLC lifted its position in NVIDIA by 1.6% during the 3rd quarter. Mayport LLC now owns 18,540 shares of the computer hardware maker’s stock worth $2,252,000 after acquiring an additional 300 shares during the period. Finally, Beech Hill Advisors Inc. lifted its holdings in shares of NVIDIA by 450.5% in the 3rd quarter. Beech Hill Advisors Inc. now owns 10,735 shares of the computer hardware maker’s stock valued at $1,304,000 after buying an additional 8,785 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, 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 transaction, the director now owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the completion of the transaction, the chief financial officer now directly owns 4,954,214 shares in the company, valued at $577,611,810.26. This trade represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,156,270 shares of company stock worth $254,784,327 over the last three months. 4.23% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $146.71 on Friday. The stock has a market capitalization of $3.60 trillion, a price-to-earnings ratio of 68.81, a price-to-earnings-growth ratio of 1.54 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 company has a fifty day moving average of $133.55 and a 200-day moving average of $121.72. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) 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 company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the company posted $0.38 EPS. NVIDIA’s revenue was up 93.6% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 2.68 EPS for the current year.

NVIDIA declared that its board has approved a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.88%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Loop Capital reaffirmed a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday. Piper Sandler raised their price target on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. DA Davidson reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of NVIDIA in a research report on Thursday, August 29th. Barclays lifted their target price on NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $160.82.

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.