Meadow Creek Wealth Advisors LLC Buys 778 Shares of NVIDIA Co. (NASDAQ:NVDA)

Meadow Creek Wealth Advisors LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,752 shares of the computer hardware maker’s stock after purchasing an additional 778 shares during the quarter. NVIDIA comprises approximately 4.2% of Meadow Creek Wealth Advisors LLC’s holdings, making the stock its 4th largest holding. Meadow Creek Wealth Advisors LLC’s holdings in NVIDIA were worth $5,313,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Chris Bulman Inc lifted its stake in shares of NVIDIA by 6.0% in the 3rd quarter. Chris Bulman Inc now owns 10,327 shares of the computer hardware maker’s stock valued at $1,254,000 after purchasing an additional 588 shares during the period. Plan Group Financial LLC lifted its stake in shares of NVIDIA by 10.9% in the 3rd quarter. Plan Group Financial LLC now owns 2,377 shares of the computer hardware maker’s stock valued at $289,000 after purchasing an additional 234 shares during the period. Elevated Capital Advisors LLC lifted its stake in shares of NVIDIA by 87.1% in the 3rd quarter. Elevated Capital Advisors LLC now owns 17,764 shares of the computer hardware maker’s stock valued at $2,157,000 after purchasing an additional 8,269 shares during the period. Lecap Asset Management Ltd. lifted its stake in shares of NVIDIA by 33.4% in the 3rd quarter. Lecap Asset Management Ltd. now owns 7,228 shares of the computer hardware maker’s stock valued at $878,000 after purchasing an additional 1,809 shares during the period. Finally, Lazari Capital Management Inc. lifted its stake in shares of NVIDIA by 6.7% in the 3rd quarter. Lazari Capital Management Inc. now owns 81,318 shares of the computer hardware maker’s stock valued at $9,875,000 after purchasing an additional 5,137 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NVDA shares. Susquehanna increased their price target on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Truist Financial upped their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Monday, November 18th. UBS Group upped their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Four 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Trading Up 2.2 %

Shares of NASDAQ:NVDA opened at $138.25 on Friday. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89. The company has a market capitalization of $3.39 trillion, a P/E ratio of 54.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.66. The company has a 50-day simple moving average of $136.05 and a 200 day simple moving average of $123.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period last year, the business posted $0.38 EPS. NVIDIA’s revenue was up 93.6% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.76 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

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

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the sale, the chief executive officer now owns 76,375,705 shares of the company’s stock, valued at $8,459,373,085.80. This trade represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,036,986 shares of company stock worth $240,602,399 over the last three months. Insiders own 4.23% of the company’s stock.

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.