Strategic Investment Solutions Inc. IL Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Strategic Investment Solutions Inc. IL increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,948 shares of the computer hardware maker’s stock after buying an additional 440 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in NVIDIA were worth $1,937,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. China Universal Asset Management Co. Ltd. lifted its position in NVIDIA by 52.2% during the first quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock worth $34,597,000 after buying an additional 13,135 shares in the last quarter. Fairview Capital Investment Management LLC raised its position in NVIDIA by 81.2% in the first quarter. Fairview Capital Investment Management LLC now owns 821 shares of the computer hardware maker’s stock valued at $742,000 after purchasing an additional 368 shares during the period. Aristides Capital LLC purchased a new stake in NVIDIA in the first quarter valued at $3,524,000. Manhattan West Asset Management LLC raised its position in NVIDIA by 17.0% in the first quarter. Manhattan West Asset Management LLC now owns 12,712 shares of the computer hardware maker’s stock valued at $11,486,000 after purchasing an additional 1,843 shares during the period. Finally, Mount Yale Investment Advisors LLC raised its position in NVIDIA by 11.6% in the first quarter. Mount Yale Investment Advisors LLC now owns 8,401 shares of the computer hardware maker’s stock valued at $7,591,000 after purchasing an additional 872 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 3.5 %

NVIDIA stock opened at $145.14 on Thursday. NVIDIA Co. has a fifty-two week low of $45.27 and a fifty-two week high of $152.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $3.55 trillion, a P/E ratio of 57.12, a PEG ratio of 2.51 and a beta of 1.63. The stock has a 50-day simple moving average of $137.32 and a 200-day simple moving average of $124.90.

NVIDIA (NASDAQ:NVDA) last posted 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 firm had revenue of $35.08 billion during 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 firm’s revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. Equities research analysts expect that NVIDIA Co. will post 2.76 earnings per share for the current year.

NVIDIA declared that its board has initiated a stock buyback program on Wednesday, August 28th that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $105.33, for a total transaction of $12,639,600.00. Following the transaction, the chief executive officer now owns 75,895,836 shares in the company, valued at approximately $7,994,108,405.88. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value of $119,270,000.00. Following the transaction, the director now owns 5,852,480 shares in the company, valued at $698,025,289.60. The trade was a 14.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,796,986 shares of company stock valued at $214,418,399 in the last ninety days. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research analyst reports. Needham & Company LLC lifted their target price on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird lifted their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Barclays lifted their target price on NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Piper Sandler lifted their price objective on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $164.15.

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.