Intergy Private Wealth LLC Raises Position in NVIDIA Co. (NASDAQ:NVDA)

Intergy Private Wealth LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,400 shares of the computer hardware maker’s stock after buying an additional 820 shares during the quarter. Intergy Private Wealth LLC’s holdings in NVIDIA were worth $1,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Aspiriant LLC grew its stake in NVIDIA by 13.0% in the 3rd quarter. Aspiriant LLC now owns 21,958 shares of the computer hardware maker’s stock worth $2,667,000 after buying an additional 2,523 shares in the last quarter. Trust Point Inc. raised its position in shares of NVIDIA by 1.7% during the 3rd quarter. Trust Point Inc. now owns 152,813 shares of the computer hardware maker’s stock valued at $18,558,000 after buying an additional 2,515 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 23.6% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 125,514 shares of the computer hardware maker’s stock worth $15,242,000 after acquiring an additional 23,936 shares during the last quarter. Stonegate Investment Group LLC grew its position in NVIDIA by 3.1% in the third quarter. Stonegate Investment Group LLC now owns 141,517 shares of the computer hardware maker’s stock worth $17,186,000 after acquiring an additional 4,268 shares in the last quarter. Finally, Sloy Dahl & Holst LLC increased its stake in NVIDIA by 1.8% in the third quarter. Sloy Dahl & Holst LLC now owns 214,144 shares of the computer hardware maker’s stock valued at $26,006,000 after acquiring an additional 3,689 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 3.2 %

NASDAQ:NVDA opened at $141.95 on Friday. The company has a 50 day simple moving average of $134.01 and a two-hundred day simple moving average of $122.28. The company has a market cap 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 current ratio of 4.10, a quick ratio of 3.79 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $45.01 and a 12 month high of $152.89.

NVIDIA (NASDAQ:NVDA) last posted 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 company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. Research analysts forecast that NVIDIA Co. will post 2.68 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be given a dividend of $0.01 per share. 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 (DPR) is 1.57%.

NVIDIA declared that its board has authorized a share buyback program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NVDA shares. Loop Capital reaffirmed a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday. Raymond James lifted their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. Oppenheimer restated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday. Finally, The Goldman Sachs Group increased their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday. Four 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 stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $164.15.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.03, for a total value of $14,283,600.00. Following the completion of the sale, the chief executive officer now directly owns 76,494,995 shares in the company, valued at $9,105,199,254.85. This represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the transaction, the director now owns 8,100,117 shares in the company, valued at $1,071,402,475.59. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,156,270 shares of company stock valued at $254,784,327. Insiders own 4.23% of the company’s stock.

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.