Grey Fox Wealth Advisors LLC Purchases 950 Shares of NVIDIA Co. (NASDAQ:NVDA)

Grey Fox Wealth Advisors LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,082 shares of the computer hardware maker’s stock after purchasing an additional 950 shares during the period. Grey Fox Wealth Advisors LLC’s holdings in NVIDIA were worth $860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. increased its holdings in NVIDIA by 52.2% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock worth $34,597,000 after acquiring an additional 13,135 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of NVIDIA by 1.1% in the first quarter. Shell Asset Management Co. now owns 123,527 shares of the computer hardware maker’s stock worth $111,614,000 after purchasing an additional 1,327 shares in the last quarter. Fayez Sarofim & Co raised its position in shares of NVIDIA by 16.4% in the first quarter. Fayez Sarofim & Co now owns 145,619 shares of the computer hardware maker’s stock valued at $131,576,000 after purchasing an additional 20,467 shares during the period. Vident Advisory LLC grew its stake in NVIDIA by 30.4% in the 1st quarter. Vident Advisory LLC now owns 67,153 shares of the computer hardware maker’s stock valued at $60,678,000 after buying an additional 15,675 shares in the last quarter. Finally, Delap Wealth Advisory LLC boosted its holdings in shares of NVIDIA by 383.6% in the first quarter. Delap Wealth Advisory LLC now owns 5,668 shares of the computer hardware maker’s stock worth $5,121,000 after acquiring an additional 4,496 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $107.44, for a total value of $12,892,800.00. Following the sale, the chief executive officer now directly owns 76,135,836 shares in the company, valued at approximately $8,180,034,219.84. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,916,986 shares of company stock valued at $227,311,199. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent research reports. Craig Hallum raised their target price on NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Evercore ISI raised their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. HSBC upped their target price on shares of NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. William Blair started coverage on NVIDIA in a report on Wednesday, September 18th. They set an “outperform” rating for the company. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Up 0.3 %

Shares of NVDA stock opened at $138.63 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a one year low of $45.01 and a one year high of $152.89. The company’s fifty day moving average price is $136.05 and its 200-day moving average price is $124.11. The company has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.58, a PEG ratio of 2.50 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. Sell-side analysts expect that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

NVIDIA declared that its board has authorized 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 purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

NVIDIA Dividend Announcement

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

About NVIDIA

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.