Nikulski Financial Inc. Acquires 8,528 Shares of NVIDIA Co. (NASDAQ:NVDA)

Nikulski Financial Inc. grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,134 shares of the computer hardware maker’s stock after buying an additional 8,528 shares during the quarter. NVIDIA makes up 2.3% of Nikulski Financial Inc.’s portfolio, making the stock its 13th largest position. Nikulski Financial Inc.’s holdings in NVIDIA were worth $7,667,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. City State Bank increased its holdings in NVIDIA by 926.1% during the second quarter. City State Bank now owns 37,277 shares of the computer hardware maker’s stock worth $4,605,000 after buying an additional 33,644 shares during the last quarter. Boltwood Capital Management lifted its stake in NVIDIA by 883.6% in the second quarter. Boltwood Capital Management now owns 45,275 shares of the computer hardware maker’s stock valued at $5,593,000 after acquiring an additional 40,672 shares during the last quarter. RVW Wealth LLC grew its position in shares of NVIDIA by 941.6% in the 2nd quarter. RVW Wealth LLC now owns 44,081 shares of the computer hardware maker’s stock valued at $5,446,000 after acquiring an additional 39,849 shares during the period. Burns Matteson Capital Management LLC increased its stake in shares of NVIDIA by 996.1% during the 2nd quarter. Burns Matteson Capital Management LLC now owns 16,069 shares of the computer hardware maker’s stock worth $1,985,000 after purchasing an additional 14,603 shares during the last quarter. Finally, Great Waters Wealth Management raised its holdings in shares of NVIDIA by 921.4% in the 2nd quarter. Great Waters Wealth Management now owns 53,887 shares of the computer hardware maker’s stock valued at $6,657,000 after purchasing an additional 48,611 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the transaction, the chief financial officer now owns 4,954,214 shares in the company, valued at $577,611,810.26. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 716 shares of NVIDIA 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 completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,556,986 shares of company stock valued at $188,359,199. 4.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus upped their price objective on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Craig Hallum increased their price target on NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley raised their price target on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Truist Financial upped their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.15.

NVIDIA Stock Down 1.4 %

Shares of NASDAQ:NVDA opened at $137.34 on Friday. The business has a fifty day simple moving average of $139.28 and a 200 day simple moving average of $126.33. NVIDIA Co. has a 12-month low of $47.32 and a 12-month high of $152.89. The firm has a market cap of $3.36 trillion, a P/E ratio of 54.07, a P/E/G ratio of 2.58 and a beta of 1.63. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Analysts predict that NVIDIA Co. will post 2.76 earnings per share for the current year.

NVIDIA declared that its board has authorized 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 usually an indication that the company’s management believes its stock is undervalued.

NVIDIA Announces Dividend

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

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.