NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Sage Financial Group Inc.

Sage Financial Group Inc. decreased its stake in NVIDIA Co. (NASDAQ:NVDA) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,360 shares of the computer hardware maker’s stock after selling 240 shares during the period. Sage Financial Group Inc.’s holdings in NVIDIA were worth $287,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NVDA. Chicago Partners Investment Group LLC grew its holdings in NVIDIA by 32.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 505,547 shares of the computer hardware maker’s stock valued at $61,394,000 after purchasing an additional 125,210 shares in the last quarter. Creative Capital Management Investments LLC boosted its position 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 valued at $2,061,000 after buying an additional 1,212 shares during the last quarter. Phillips Wealth Planners LLC grew its stake in shares of NVIDIA by 4.3% during the third quarter. Phillips Wealth Planners LLC now owns 2,505 shares of the computer hardware maker’s stock valued at $304,000 after acquiring an additional 104 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of NVIDIA by 12.2% during the third quarter. Farther Finance Advisors LLC now owns 851,185 shares of the computer hardware maker’s stock worth $103,368,000 after acquiring an additional 92,697 shares during the last quarter. Finally, Dash Acquisitions Inc. lifted its stake in shares of NVIDIA by 3.8% in the third quarter. Dash Acquisitions Inc. now owns 11,792 shares of the computer hardware maker’s stock worth $1,432,000 after acquiring an additional 431 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NVDA. Bank of America restated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Craig Hallum lifted their price target on shares of NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. HSBC boosted their target price on shares of NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Susquehanna increased their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued 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 an average price target of $164.15.

NVIDIA Stock Down 2.2 %

NVDA stock opened at $134.25 on Friday. The firm’s 50-day moving average is $139.76 and its two-hundred day moving average is $126.69. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company 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 52 week low of $47.32 and a 52 week high of $152.89.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. On average, analysts forecast that NVIDIA Co. will post 2.76 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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 paid 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 dividend payout ratio is currently 1.57%.

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

Insider Buying and Selling

In other news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. 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.

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.