NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Eagle Strategies LLC

Eagle Strategies LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,442 shares of the computer hardware maker’s stock after purchasing an additional 4,298 shares during the quarter. NVIDIA accounts for approximately 1.7% of Eagle Strategies LLC’s portfolio, making the stock its 16th largest holding. Eagle Strategies LLC’s holdings in NVIDIA were worth $9,647,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Pensionfund Sabic boosted its position in NVIDIA by 900.0% during the second quarter. Pensionfund Sabic now owns 10,000 shares of the computer hardware maker’s stock worth $1,235,000 after purchasing an additional 9,000 shares in the last quarter. Waller Financial Planning Group Inc. purchased a new position in shares of NVIDIA during the 2nd quarter valued at approximately $378,000. Red Spruce Capital LLC grew its stake in NVIDIA by 917.1% in the 2nd quarter. Red Spruce Capital LLC now owns 17,260 shares of the computer hardware maker’s stock valued at $2,132,000 after acquiring an additional 15,563 shares during the period. Appleton Partners Inc. MA increased its holdings in NVIDIA by 1,631.4% in the 2nd quarter. Appleton Partners Inc. MA now owns 81,012 shares of the computer hardware maker’s stock worth $10,008,000 after acquiring an additional 76,333 shares in the last quarter. Finally, Centre Asset Management LLC raised its position in NVIDIA by 922.9% during the second quarter. Centre Asset Management LLC now owns 230,385 shares of the computer hardware maker’s stock worth $28,462,000 after acquiring an additional 207,862 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Down 2.7 %

Shares of NASDAQ NVDA opened at $135.07 on Wednesday. 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’s 50 day moving average is $138.51 and its two-hundred day moving average is $126.04. NVIDIA Co. has a 52-week low of $45.83 and a 52-week high of $152.89. The firm has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.18, a PEG ratio of 2.58 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post 2.76 EPS for the current year.

NVIDIA declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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 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 payout ratio is 1.57%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated 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 sale, the director now owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. This trade represents a 14.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.59, for a total value of $7,773,055.30. Following the transaction, the chief financial officer now directly owns 4,954,214 shares of the company’s stock, valued at approximately $577,611,810.26. This represents a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,556,986 shares of company stock worth $188,359,199. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on NVDA shares. DA Davidson boosted their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Barclays boosted their price objective on NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Morgan Stanley boosted their price target on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.