NVIDIA Co. (NASDAQ:NVDA) is Catalyst Financial Partners LLC’s 8th Largest Position

Catalyst Financial Partners LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,494 shares of the computer hardware maker’s stock after purchasing an additional 5,107 shares during the period. NVIDIA accounts for 2.6% of Catalyst Financial Partners LLC’s portfolio, making the stock its 8th biggest position. Catalyst Financial Partners LLC’s holdings in NVIDIA were worth $13,540,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NVDA. City State Bank grew its stake in shares of NVIDIA by 926.1% in the 2nd 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 grew its stake in shares of NVIDIA by 883.6% in the second quarter. Boltwood Capital Management now owns 45,275 shares of the computer hardware maker’s stock worth $5,593,000 after acquiring an additional 40,672 shares during the last quarter. RVW Wealth LLC increased its holdings in shares of NVIDIA by 941.6% during the second 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 in the last quarter. Burns Matteson Capital Management LLC raised its position in shares of NVIDIA by 996.1% in 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 boosted its stake in NVIDIA by 921.4% in the 2nd quarter. Great Waters Wealth Management now owns 53,887 shares of the computer hardware maker’s stock worth $6,657,000 after purchasing an additional 48,611 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. The trade was a 14.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the sale, the insider now owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,556,986 shares of company stock valued at $188,359,199 in the last ninety days. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on NVDA shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a report on Monday, November 18th. Susquehanna boosted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Stifel Nicolaus upped their price objective on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Melius Research lifted their target price on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Four 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’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Trading Down 1.4 %

NVDA stock opened at $137.34 on Friday. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The stock has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 54.07, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is $139.28 and its two-hundred day simple moving average is $126.33.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for 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%. The firm’s revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. As a group, analysts anticipate that NVIDIA Co. will post 2.76 earnings per share for the current year.

NVIDIA announced that its board has approved a stock buyback plan on Wednesday, August 28th that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

NVIDIA Dividend Announcement

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