West Wealth Group LLC Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)

West Wealth Group LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 7.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,581 shares of the computer hardware maker’s stock after acquiring an additional 1,342 shares during the period. NVIDIA comprises 0.8% of West Wealth Group LLC’s investment portfolio, making the stock its 19th biggest holding. West Wealth Group LLC’s holdings in NVIDIA were worth $2,378,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blackston Financial Advisory Group LLC grew its holdings in shares of NVIDIA by 27.1% in the third quarter. Blackston Financial Advisory Group LLC now owns 22,255 shares of the computer hardware maker’s stock valued at $2,703,000 after purchasing an additional 4,745 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of NVIDIA by 1.0% in the third quarter. Ballentine Partners LLC now owns 429,384 shares of the computer hardware maker’s stock valued at $52,144,000 after purchasing an additional 4,260 shares in the last quarter. Heritage Oak Wealth Advisors LLC grew its holdings in shares of NVIDIA by 187.6% in the third quarter. Heritage Oak Wealth Advisors LLC now owns 41,233 shares of the computer hardware maker’s stock valued at $5,007,000 after purchasing an additional 26,898 shares in the last quarter. Busey Bank grew its holdings in shares of NVIDIA by 5.2% in the third quarter. Busey Bank now owns 836,617 shares of the computer hardware maker’s stock valued at $101,599,000 after purchasing an additional 41,100 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its holdings in shares of NVIDIA by 46.5% in the third quarter. Silver Oak Securities Incorporated now owns 102,999 shares of the computer hardware maker’s stock valued at $12,485,000 after purchasing an additional 32,713 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Mizuho lifted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Craig Hallum boosted their price target on shares of NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Bank of America reiterated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, Needham & Company LLC boosted their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 716 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. This represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the transaction, the director now directly owns 5,852,480 shares in the company, valued at approximately $698,025,289.60. This trade represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,796,986 shares of company stock valued at $214,418,399 in the last ninety days. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Up 3.5 %

Shares of NVIDIA stock opened at $145.14 on Thursday. The company has a market cap of $3.55 trillion, a P/E ratio of 57.12, a PEG ratio of 2.51 and a beta of 1.63. 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 Co. has a one year low of $45.27 and a one year high of $152.89. The firm has a fifty day moving average of $137.32 and a two-hundred day moving average of $124.90.

NVIDIA (NASDAQ:NVDA) last announced 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. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, analysts forecast that NVIDIA Co. will post 2.76 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA announced that its Board of Directors has approved a share buyback plan on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.