NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Trust Point Inc.

Trust Point Inc. increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,813 shares of the computer hardware maker’s stock after purchasing an additional 2,515 shares during the quarter. NVIDIA accounts for 1.4% of Trust Point Inc.’s holdings, making the stock its 11th largest holding. Trust Point Inc.’s holdings in NVIDIA were worth $18,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC lifted its position 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 purchasing an additional 23,936 shares during the last quarter. Stonegate Investment Group LLC raised its stake 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 valued at $17,186,000 after buying an additional 4,268 shares in the last quarter. Sloy Dahl & Holst LLC lifted its holdings in NVIDIA by 1.8% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 214,144 shares of the computer hardware maker’s stock worth $26,006,000 after buying an additional 3,689 shares during the last quarter. Sonoma Private Wealth LLC boosted its position in shares of NVIDIA by 2.3% during the 3rd quarter. Sonoma Private Wealth LLC now owns 21,819 shares of the computer hardware maker’s stock worth $2,650,000 after acquiring an additional 500 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of NVIDIA by 8.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 492,427 shares of the computer hardware maker’s stock valued at $59,800,000 after acquiring an additional 38,848 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, 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 completion of the transaction, the chief executive officer now owns 76,375,705 shares in the company, valued at approximately $8,459,373,085.80. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 155,000 shares of the 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 completion of the sale, the director now owns 8,100,117 shares in the company, valued at $1,071,402,475.59. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,156,270 shares of company stock valued at $254,784,327. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NVDA shares. Craig Hallum boosted their target price on NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. 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 research report on Tuesday, November 19th. UBS Group increased their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Melius Research lifted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Barclays upped their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company an “overweight” 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Stock Performance

Shares of NVDA opened at $141.95 on Friday. The company has a market capitalization of $3.48 trillion, a PE ratio of 55.89, a P/E/G ratio of 1.53 and a beta of 1.66. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89. The company has a 50-day simple moving average of $134.01 and a 200-day simple moving average of $122.28. The company has a quick ratio of 3.79, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted 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. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. Equities research analysts predict that NVIDIA Co. will post 2.68 earnings per share for the current fiscal year.

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

NVIDIA Announces Dividend

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 dividend of $0.01 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

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.