NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Financial Partners Group Inc

Financial Partners Group Inc increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,530 shares of the computer hardware maker’s stock after acquiring an additional 2,006 shares during the quarter. Financial Partners Group Inc’s holdings in NVIDIA were worth $4,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. MinichMacGregor Wealth Management LLC increased its stake in NVIDIA by 5.1% in the third quarter. MinichMacGregor Wealth Management LLC now owns 90,993 shares of the computer hardware maker’s stock valued at $11,197,000 after purchasing an additional 4,455 shares during the period. Catalyst Private Wealth LLC grew its holdings in shares of NVIDIA by 5.0% during the third quarter. Catalyst Private Wealth LLC now owns 12,284 shares of the computer hardware maker’s stock worth $1,492,000 after buying an additional 585 shares during the last quarter. Crestwood Advisors Group LLC increased its position in NVIDIA by 9.6% in the 3rd quarter. Crestwood Advisors Group LLC now owns 327,057 shares of the computer hardware maker’s stock valued at $39,718,000 after acquiring an additional 28,756 shares during the period. NorthRock Partners LLC raised its stake in NVIDIA by 39.3% during the 3rd quarter. NorthRock Partners LLC now owns 263,912 shares of the computer hardware maker’s stock valued at $32,049,000 after acquiring an additional 74,509 shares during the last quarter. Finally, Heritage Investors Management Corp lifted its position in NVIDIA by 8.5% during the 3rd quarter. Heritage Investors Management Corp now owns 522,556 shares of the computer hardware maker’s stock worth $63,459,000 after acquiring an additional 40,732 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 1.4 %

Shares of NASDAQ NVDA opened at $130.68 on Friday. The firm’s 50 day moving average price is $139.63 and its 200 day moving average price is $127.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $3.20 trillion, a P/E ratio of 51.43, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 1 year low of $47.32 and a 1 year high of $152.89.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

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

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 716 shares of the company’s stock in a transaction on Monday, November 25th. The stock was 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 in the company, valued at $2,831,764. This represents a 3.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of NVIDIA 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 in the company, valued at $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,556,986 shares of company stock worth $201,687,727 in the last three months. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Raymond James upped their price target on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. TD Cowen increased their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price objective on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.15.

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.