NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,268 shares of the computer hardware maker’s stock after acquiring an additional 41,677 shares during the quarter. Capital Investment Advisors LLC’s holdings in NVIDIA were worth $42,415,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of NVIDIA by 1,535.3% in the third quarter. Blue Trust Inc. now owns 232,150 shares of the computer hardware maker’s stock valued at $28,680,000 after purchasing an additional 217,954 shares in the last quarter. Meridian Financial Partners LLC lifted its position in NVIDIA by 7.9% during the third quarter. Meridian Financial Partners LLC now owns 23,587 shares of the computer hardware maker’s stock valued at $2,864,000 after buying an additional 1,723 shares in the last quarter. IFG Advisors LLC increased its holdings in NVIDIA by 7.2% in the 3rd quarter. IFG Advisors LLC now owns 25,823 shares of the computer hardware maker’s stock valued at $3,136,000 after purchasing an additional 1,736 shares in the last quarter. Mogy Joel R Investment Counsel Inc. raised its stake in shares of NVIDIA by 0.3% during the third quarter. Mogy Joel R Investment Counsel Inc. now owns 1,441,091 shares of the computer hardware maker’s stock valued at $175,006,000 after purchasing an additional 3,670 shares during the period. Finally, Riverview Trust Co grew its stake in shares of NVIDIA by 0.8% during the third quarter. Riverview Trust Co now owns 18,235 shares of the computer hardware maker’s stock valued at $2,214,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the transaction, the director now owns 5,852,480 shares in the company, valued at approximately $698,025,289.60. The trade was a 14.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the sale, the insider now owns 492,409 shares in the company, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock worth $254,784,327 in the last 90 days. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of several recent analyst reports. William Blair began coverage on shares of NVIDIA in a report on Wednesday, September 18th. They set an “outperform” rating for the company. Bank of America reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday. DA Davidson lifted their target price on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday. Sanford C. Bernstein increased their price target on NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, HSBC raised their target price on NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Four equities research 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.15.

NVIDIA Stock Performance

NVDA opened at $141.95 on Monday. The firm has a market capitalization of $3.48 trillion, a PE ratio of 55.89, a PEG ratio of 1.53 and a beta of 1.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.79 and a current ratio of 4.10. The business’s 50-day simple moving average is $134.01 and its 200 day simple moving average is $122.51. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion for 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%. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. As a group, sell-side analysts expect 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 permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are generally 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 payout ratio is currently 1.57%.

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.