NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Foundry Financial Group Inc.

Foundry Financial Group Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,291 shares of the computer hardware maker’s stock after acquiring an additional 239 shares during the quarter. Foundry Financial Group Inc.’s holdings in NVIDIA were worth $521,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC grew its stake in shares of NVIDIA by 17.4% during the third quarter. Iron Horse Wealth Management LLC now owns 587 shares of the computer hardware maker’s stock worth $71,000 after purchasing an additional 87 shares in the last quarter. Sterling Investment Counsel LLC lifted its holdings in NVIDIA by 35.2% during the 3rd quarter. Sterling Investment Counsel LLC now owns 38,588 shares of the computer hardware maker’s stock worth $4,686,000 after buying an additional 10,037 shares during the last quarter. BetterWealth LLC boosted its position in shares of NVIDIA by 0.9% during the 3rd quarter. BetterWealth LLC now owns 17,526 shares of the computer hardware maker’s stock worth $2,128,000 after acquiring an additional 150 shares in the last quarter. Coston McIsaac & Partners increased its holdings in shares of NVIDIA by 12.2% in the 3rd quarter. Coston McIsaac & Partners now owns 1,040 shares of the computer hardware maker’s stock valued at $126,000 after acquiring an additional 113 shares during the last quarter. Finally, Litman Gregory Wealth Management LLC acquired a new stake in shares of NVIDIA during the 3rd quarter worth about $326,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on NVDA shares. Bank of America reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Loop Capital reaffirmed a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. HSBC upped their target price on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 price target (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Finally, Barclays raised their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.15.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $105.33, for a total value of $12,639,600.00. Following the transaction, the chief executive officer now directly owns 75,895,836 shares of the company’s stock, valued at $7,994,108,405.88. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,036,986 shares of company stock valued at $240,602,399. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 2.2 %

NVDA stock opened at $138.25 on Monday. NVIDIA Co. has a 52 week low of $45.01 and a 52 week high of $152.89. The company has a market cap of $3.39 trillion, a price-to-earnings ratio of 54.43, a PEG ratio of 2.50 and a beta of 1.66. 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 business has a fifty day simple moving average of $136.05 and a 200-day simple moving average of $124.11.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $0.38 EPS. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Co. will post 2.76 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be given 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 payout ratio is currently 1.57%.

NVIDIA declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management 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.