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

Resonant Capital Advisors LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,206 shares of the computer hardware maker’s stock after purchasing an additional 3,921 shares during the period. Resonant Capital Advisors LLC’s holdings in NVIDIA were worth $8,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Veracity Capital LLC raised its stake in shares of NVIDIA by 4.8% during the third quarter. Veracity Capital LLC now owns 34,130 shares of the computer hardware maker’s stock valued at $4,145,000 after purchasing an additional 1,555 shares in the last quarter. Waypoint Capital Advisors LLC increased its position in shares of NVIDIA by 6.0% in the third quarter. Waypoint Capital Advisors LLC now owns 15,336 shares of the computer hardware maker’s stock worth $1,862,000 after acquiring an additional 862 shares in the last quarter. Warren Street Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 9.9% in the third quarter. Warren Street Wealth Advisors LLC now owns 36,476 shares of the computer hardware maker’s stock valued at $4,430,000 after purchasing an additional 3,275 shares in the last quarter. Cadent Capital Advisors LLC boosted its position in NVIDIA by 178.9% during the 3rd quarter. Cadent Capital Advisors LLC now owns 13,068 shares of the computer hardware maker’s stock worth $1,587,000 after acquiring an additional 29,641 shares during the period. Finally, Embree Financial Group increased its stake in NVIDIA by 7.6% in the 3rd quarter. Embree Financial Group now owns 81,329 shares of the computer hardware maker’s stock valued at $9,877,000 after buying an additional 5,729 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVDA. Citigroup lifted their target price on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays raised their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Stifel Nicolaus raised their target price on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group boosted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price objective on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $164.15.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,670 shares of NVIDIA 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 completion of the transaction, the chief financial officer now owns 4,954,214 shares in the company, valued at approximately $577,611,810.26. This represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,156,270 shares of company stock valued at $254,784,327. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $136.02 on Tuesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.33 trillion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.66. NVIDIA Co. has a twelve month low of $45.01 and a twelve month high of $152.89. The business’s 50 day moving average price is $134.39 and its two-hundred day moving average price is $122.84.

NVIDIA (NASDAQ:NVDA) last posted its 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. On average, analysts predict that NVIDIA Co. will post 2.73 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared 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. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

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

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.