Castleview Partners LLC Purchases 950 Shares of NVIDIA Co. (NASDAQ:NVDA)

Castleview Partners LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,548 shares of the computer hardware maker’s stock after purchasing an additional 950 shares during the quarter. Castleview Partners LLC’s holdings in NVIDIA were worth $795,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. MBE Wealth Management LLC boosted its stake in shares of NVIDIA by 10.3% in the 3rd quarter. MBE Wealth Management LLC now owns 12,716 shares of the computer hardware maker’s stock valued at $1,544,000 after purchasing an additional 1,186 shares during the last quarter. Triad Wealth Partners LLC boosted its stake in shares of NVIDIA by 19.3% in the 3rd quarter. Triad Wealth Partners LLC now owns 20,024 shares of the computer hardware maker’s stock valued at $2,432,000 after purchasing an additional 3,240 shares during the last quarter. Wealth Advisory Solutions LLC bought a new position in NVIDIA during the third quarter worth $284,000. Benin Management CORP boosted its stake in NVIDIA by 62.7% during the third quarter. Benin Management CORP now owns 24,860 shares of the computer hardware maker’s stock worth $3,019,000 after acquiring an additional 9,576 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC boosted its stake in NVIDIA by 7.0% during the third quarter. McElhenny Sheffield Capital Management LLC now owns 2,814 shares of the computer hardware maker’s stock worth $342,000 after acquiring an additional 183 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Westpark Capital increased their target price on shares of NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. William Blair assumed coverage on shares of NVIDIA in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. Raymond James increased their target price on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. Finally, DA Davidson upped their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $164.15.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, September 20th. The shares were 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. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction on Monday, September 9th. The shares were sold at an average price of $105.33, for a total transaction of $12,639,600.00. Following the completion of the sale, the chief executive officer now owns 75,895,836 shares in the company, valued at approximately $7,994,108,405.88. This trade represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,156,986 shares of company stock valued at $254,885,999 over the last three months. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

NVDA stock opened at $135.34 on Thursday. The firm has a 50 day moving average of $135.26 and a 200-day moving average of $123.26. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $45.01 and a 12 month high of $152.89. The firm has a market capitalization of $3.31 trillion, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 2.46 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 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 analyst estimates 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 last year, the business earned $0.38 earnings per share. As a group, sell-side analysts predict that NVIDIA Co. will post 2.76 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.01 per share. 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 presently 1.57%.

NVIDIA announced that its board has authorized a stock repurchase plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is 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.