NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Lafayette Investments Inc.

Lafayette Investments Inc. increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,610 shares of the computer hardware maker’s stock after acquiring an additional 900 shares during the quarter. Lafayette Investments Inc.’s holdings in NVIDIA were worth $803,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NVDA. Index Fund Advisors Inc. increased its position in shares of NVIDIA by 2.9% during the third quarter. Index Fund Advisors Inc. now owns 7,951 shares of the computer hardware maker’s stock worth $966,000 after purchasing an additional 224 shares in the last quarter. Grimes & Company Inc. grew its stake in NVIDIA by 20.6% during the 3rd quarter. Grimes & Company Inc. now owns 116,392 shares of the computer hardware maker’s stock worth $14,135,000 after buying an additional 19,884 shares during the last quarter. PSI Advisors LLC increased its position in NVIDIA by 19.9% during the third quarter. PSI Advisors LLC now owns 31,508 shares of the computer hardware maker’s stock worth $3,826,000 after buying an additional 5,235 shares during the period. Boyd Watterson Asset Management LLC OH lifted its stake in NVIDIA by 0.3% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 30,080 shares of the computer hardware maker’s stock valued at $3,653,000 after buying an additional 80 shares during the last quarter. Finally, Grassi Investment Management boosted its holdings in shares of NVIDIA by 1.3% in the third quarter. Grassi Investment Management now owns 1,691,840 shares of the computer hardware maker’s stock valued at $205,457,000 after acquiring an additional 21,040 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $107.44, for a total transaction of $12,892,800.00. Following the completion of the transaction, the chief executive officer now directly owns 76,135,836 shares in the company, valued at approximately $8,180,034,219.84. This represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following 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. Over the last 90 days, insiders sold 1,916,986 shares of company stock valued at $227,311,199. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NVDA shares. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Morgan Stanley lifted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Sanford C. Bernstein increased their price objective on NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. New Street Research upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Tuesday, August 6th. Finally, The Goldman Sachs Group lifted their price target on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Price Performance

NVDA opened at $138.63 on Tuesday. NVIDIA Co. has a 1 year low of $45.01 and a 1 year high of $152.89. The company’s 50 day simple moving average is $136.05 and its 200 day simple moving average is $124.11. The stock has a market capitalization of $3.40 trillion, a PE ratio of 54.58, a P/E/G ratio of 2.50 and a beta of 1.66. 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 announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the previous year, the company posted $0.38 earnings per share. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. As a group, sell-side analysts expect that NVIDIA Co. will post 2.76 EPS for the current year.

NVIDIA announced that its Board of Directors has authorized a stock buyback 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be paid 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 dividend payout ratio (DPR) is 1.57%.

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.