Strid Group LLC Has $215,000 Stake in NVIDIA Co. (NASDAQ:NVDA)

Strid Group LLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,770 shares of the computer hardware maker’s stock after selling 290 shares during the period. Strid Group LLC’s holdings in NVIDIA were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Money Management Inc. increased its holdings in shares of NVIDIA by 5.6% during the 3rd quarter. Berkshire Money Management Inc. now owns 14,106 shares of the computer hardware maker’s stock worth $1,713,000 after purchasing an additional 746 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of NVIDIA by 2.4% during the 3rd quarter. Harbour Capital Advisors LLC now owns 43,180 shares of the computer hardware maker’s stock worth $5,728,000 after purchasing an additional 1,010 shares during the period. NatWest Group plc increased its holdings in shares of NVIDIA by 5.8% during the 3rd quarter. NatWest Group plc now owns 192,521 shares of the computer hardware maker’s stock worth $23,380,000 after purchasing an additional 10,607 shares during the period. Heirloom Wealth Management increased its holdings in shares of NVIDIA by 2.1% during the 3rd quarter. Heirloom Wealth Management now owns 172,052 shares of the computer hardware maker’s stock worth $20,894,000 after purchasing an additional 3,459 shares during the period. Finally, TruWealth Advisors LLC increased its holdings in shares of NVIDIA by 2.5% during the 3rd quarter. TruWealth Advisors LLC now owns 39,085 shares of the computer hardware maker’s stock worth $4,747,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.59, for a total value of $7,773,055.30. Following the completion of the sale, the chief financial officer now owns 4,954,214 shares of the company’s stock, valued at approximately $577,611,810.26. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the completion of the sale, the chief executive officer now directly owns 76,375,705 shares of the company’s stock, valued at $8,459,373,085.80. The trade was a 0.16 % 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 ninety days. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 3.2 %

Shares of NASDAQ NVDA opened at $141.95 on Friday. The company’s 50 day simple moving average is $134.01 and its 200 day simple moving average is $122.06. NVIDIA Co. has a fifty-two week low of $45.01 and a fifty-two week high of $152.89. The firm has a market capitalization of $3.48 trillion, a P/E ratio of 66.58, a P/E/G ratio of 1.54 and a beta of 1.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $33.15 billion. During the same period in the prior year, the business posted $0.38 earnings per share. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. On average, analysts predict that NVIDIA Co. will post 2.68 EPS for the current year.

NVIDIA announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. Stifel Nicolaus boosted their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday. Melius Research upped their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. HSBC upped their target price on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Mizuho upped their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.15.

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.