ST Germain D J Co. Inc. Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

ST Germain D J Co. Inc. lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,501 shares of the computer hardware maker’s stock after purchasing an additional 181 shares during the period. ST Germain D J Co. Inc.’s holdings in NVIDIA were worth $2,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its holdings in NVIDIA by 52.2% in the first 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 acquiring an additional 13,135 shares during the last quarter. Milestone Resources Group Ltd increased its position in shares of NVIDIA by 34.5% during the first quarter. Milestone Resources Group Ltd now owns 438,719 shares of the computer hardware maker’s stock worth $396,409,000 after acquiring an additional 112,614 shares during the period. ProShare Advisors LLC raised its stake in NVIDIA by 19.4% in the first quarter. ProShare Advisors LLC now owns 1,588,324 shares of the computer hardware maker’s stock valued at $1,435,146,000 after buying an additional 258,082 shares in the last quarter. Baron Wealth Management LLC raised its stake in NVIDIA by 7.1% in the first quarter. Baron Wealth Management LLC now owns 1,997 shares of the computer hardware maker’s stock valued at $1,804,000 after buying an additional 132 shares in the last quarter. Finally, Neumann Capital Management LLC increased its position in shares of NVIDIA by 2.9% during the first quarter. Neumann Capital Management LLC now owns 21,620 shares of the computer hardware maker’s stock worth $19,535,000 after purchasing an additional 610 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 155,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. The trade was a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,156,270 shares of company stock worth $254,784,327. 4.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVDA. Loop Capital reissued a “buy” rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. William Blair began coverage on NVIDIA in a report on Wednesday, September 18th. They issued an “outperform” rating for the company. Robert W. Baird boosted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday. Melius Research upped their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Piper Sandler upped their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. 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.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA Stock Down 3.2 %

Shares of NASDAQ:NVDA opened at $141.95 on Monday. NVIDIA Co. has a 52 week low of $45.01 and a 52 week high of $152.89. 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 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 firm has a 50 day simple moving average of $134.01 and a 200 day simple moving average of $122.51.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping 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 was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, research analysts expect that NVIDIA Co. will post 2.68 earnings per share for the current year.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be paid a $0.01 dividend. 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 presently 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.