Godsey & Gibb Inc. Has $1.37 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Godsey & Gibb Inc. boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,243 shares of the computer hardware maker’s stock after buying an additional 918 shares during the period. Godsey & Gibb Inc.’s holdings in NVIDIA were worth $1,365,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. China Universal Asset Management Co. Ltd. grew its position in NVIDIA by 52.2% during the first quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock worth $34,597,000 after buying an additional 13,135 shares in the last quarter. D Orazio & Associates Inc. lifted its position in shares of NVIDIA by 9.4% in the 1st quarter. D Orazio & Associates Inc. now owns 3,468 shares of the computer hardware maker’s stock worth $3,134,000 after acquiring an additional 298 shares during the period. TBH Global Asset Management LLC lifted its position in shares of NVIDIA by 23.0% in the 1st quarter. TBH Global Asset Management LLC now owns 1,114 shares of the computer hardware maker’s stock worth $1,007,000 after acquiring an additional 208 shares during the period. Planning Directions Inc. grew its holdings in shares of NVIDIA by 3.0% during the 1st quarter. Planning Directions Inc. now owns 935 shares of the computer hardware maker’s stock worth $844,000 after purchasing an additional 27 shares in the last quarter. Finally, Ledyard National Bank increased its position in shares of NVIDIA by 14.5% during the first quarter. Ledyard National Bank now owns 2,323 shares of the computer hardware maker’s stock valued at $2,099,000 after purchasing an additional 295 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the sale, the chief executive officer now directly owns 76,494,995 shares of the company’s stock, valued at approximately $9,105,199,254.85. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’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 owns 492,409 shares in the company, valued at $57,370,572.59. This represents a 0.91 % 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 Stock Performance

NVDA stock opened at $136.92 on Wednesday. NVIDIA Co. has a 1-year low of $45.01 and a 1-year high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.35 trillion, a PE ratio of 53.88, a P/E/G ratio of 2.60 and a beta of 1.66. The business’s 50-day moving average price is $134.82 and its two-hundred day moving average price is $123.17.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. As a group, research analysts forecast that NVIDIA Co. will post 2.73 earnings per share for the current year.

NVIDIA declared that its Board of Directors has initiated a share buyback program on Wednesday, August 28th that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on NVDA shares. New Street Research raised NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Tuesday, August 6th. Raymond James raised their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. UBS Group upped their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays increased 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. Finally, Susquehanna lifted their price objective on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA 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.