Claro Advisors LLC Sells 98,415 Shares of NVIDIA Co. (NASDAQ:NVDA)

Claro Advisors LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 96.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,496 shares of the computer hardware maker’s stock after selling 98,415 shares during the quarter. Claro Advisors LLC’s holdings in NVIDIA were worth $425,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its position in shares of NVIDIA by 52.2% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock valued at $34,597,000 after buying an additional 13,135 shares in the last quarter. Capital Square LLC purchased a new stake in NVIDIA during the first quarter valued at approximately $266,000. Verus Capital Partners LLC lifted its stake in shares of NVIDIA by 13.5% in the 1st quarter. Verus Capital Partners LLC now owns 34,637 shares of the computer hardware maker’s stock valued at $31,297,000 after purchasing an additional 4,113 shares during the last quarter. Inspire Advisors LLC boosted its holdings in shares of NVIDIA by 9.8% in the 1st quarter. Inspire Advisors LLC now owns 1,189 shares of the computer hardware maker’s stock worth $1,074,000 after purchasing an additional 106 shares during the period. Finally, Delta Financial Advisors LLC increased its position in shares of NVIDIA by 0.3% during the 1st quarter. Delta Financial Advisors LLC now owns 8,248 shares of the computer hardware maker’s stock valued at $7,453,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVDA. Westpark Capital boosted their price objective on shares of NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Wedbush lifted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Sanford C. Bernstein boosted their target price on NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, TD Cowen raised their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Price Performance

NVDA stock opened at $141.95 on Friday. NVIDIA Co. has a 1 year low of $45.01 and a 1 year high of $152.89. The firm has a market capitalization of $3.48 trillion, a PE ratio of 55.89, a price-to-earnings-growth ratio of 1.53 and a beta of 1.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.79. The business has a 50 day simple moving average of $134.01 and a 200-day simple moving average of $122.28.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Equities research analysts anticipate that NVIDIA Co. will post 2.68 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio is presently 1.57%.

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

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 4,954,214 shares of the company’s stock, valued at $577,611,810.26. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction dated 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 sale, the chief executive officer now owns 76,375,705 shares of the company’s stock, valued at approximately $8,459,373,085.80. This represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,156,270 shares of company stock worth $254,784,327. Company insiders own 4.23% of the company’s stock.

NVIDIA 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.