NVIDIA Co. (NASDAQ:NVDA) is Chicago Partners Investment Group LLC’s 6th Largest Position

Chicago Partners Investment Group LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 32.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 505,547 shares of the computer hardware maker’s stock after acquiring an additional 125,210 shares during the quarter. NVIDIA comprises about 2.1% of Chicago Partners Investment Group LLC’s holdings, making the stock its 6th largest holding. Chicago Partners Investment Group LLC’s holdings in NVIDIA were worth $61,394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Creative Capital Management Investments LLC boosted its holdings in NVIDIA by 7.7% in the 3rd quarter. Creative Capital Management Investments LLC now owns 16,972 shares of the computer hardware maker’s stock worth $2,061,000 after acquiring an additional 1,212 shares during the period. Phillips Wealth Planners LLC boosted its stake in shares of NVIDIA by 4.3% during the 3rd quarter. Phillips Wealth Planners LLC now owns 2,505 shares of the computer hardware maker’s stock valued at $304,000 after buying an additional 104 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of NVIDIA by 12.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 851,185 shares of the computer hardware maker’s stock valued at $103,368,000 after buying an additional 92,697 shares during the last quarter. Dash Acquisitions Inc. boosted its stake in shares of NVIDIA by 3.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 11,792 shares of the computer hardware maker’s stock valued at $1,432,000 after buying an additional 431 shares during the last quarter. Finally, Capital Advisors Inc. OK boosted its stake in shares of NVIDIA by 0.3% during the 3rd quarter. Capital Advisors Inc. OK now owns 1,128,350 shares of the computer hardware maker’s stock valued at $137,027,000 after buying an additional 3,189 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $134.25 on Friday. The stock’s fifty day moving average is $139.76 and its 200-day moving average is $126.69. The firm has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 2.52 and a beta of 1.63. NVIDIA Co. has a one year low of $47.32 and a one year 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.

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

NVIDIA declared that its board has authorized a share buyback plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction dated Monday, November 25th. The stock was 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. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,628,156 shares of company stock valued at $197,995,077 over the last three months. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. Piper Sandler increased their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Raymond James increased their target price on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Morgan Stanley increased their target price on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Wedbush increased their target price on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Robert W. Baird raised their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating 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 issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

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.