Lutz Financial Services LLC Purchases 1,191 Shares of NVIDIA Co. (NASDAQ:NVDA)

Lutz Financial Services LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,697 shares of the computer hardware maker’s stock after purchasing an additional 1,191 shares during the period. Lutz Financial Services LLC’s holdings in NVIDIA were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Lantz Financial LLC grew its stake in NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after acquiring an additional 36,774 shares during the period. Tilia Fiduciary Partners Inc. lifted its holdings in shares of NVIDIA by 832.0% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 5,266 shares of the computer hardware maker’s stock valued at $651,000 after purchasing an additional 4,701 shares in the last quarter. Twele Capital Management Inc. grew its position in shares of NVIDIA by 566.8% in the 2nd quarter. Twele Capital Management Inc. now owns 2,667 shares of the computer hardware maker’s stock valued at $330,000 after purchasing an additional 2,267 shares during the period. jvl associates llc increased its stake in NVIDIA by 897.8% during the 2nd quarter. jvl associates llc now owns 9,130 shares of the computer hardware maker’s stock worth $1,128,000 after purchasing an additional 8,215 shares in the last quarter. Finally, Amarillo National Bank raised its holdings in shares of NVIDIA by 973.1% during the second quarter. Amarillo National Bank now owns 9,164 shares of the computer hardware maker’s stock worth $1,132,000 after acquiring an additional 8,310 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Needham & Company LLC lifted their price target on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Mizuho increased their price objective on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Raymond James boosted 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. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Finally, UBS Group boosted their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Trading Down 1.2 %

Shares of NVDA stock opened at $130.39 on Wednesday. The stock’s fifty day simple moving average is $139.79 and its 200 day simple moving average is $127.07. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. 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 has a market capitalization of $3.19 trillion, a P/E ratio of 51.33, a P/E/G ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. As a group, sell-side analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the sale, the director now directly owns 5,852,480 shares in the company, valued at approximately $698,025,289.60. This trade represents a 14.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,628,156 shares of company stock valued at $197,995,077. 4.23% of the stock is currently owned by insiders.

About NVIDIA

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.