Consilium Wealth Advisory LLC Has $10.61 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Consilium Wealth Advisory LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,338 shares of the computer hardware maker’s stock after buying an additional 2,414 shares during the period. NVIDIA accounts for approximately 5.8% of Consilium Wealth Advisory LLC’s holdings, making the stock its 4th biggest holding. Consilium Wealth Advisory LLC’s holdings in NVIDIA were worth $10,606,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NVDA. Lantz Financial LLC raised its position in shares of NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after acquiring an additional 36,774 shares during the last quarter. Conrad Siegel Investment Advisors Inc. raised its holdings in NVIDIA by 1,039.8% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 8,024 shares of the computer hardware maker’s stock worth $991,000 after purchasing an additional 7,320 shares during the last quarter. Allied Investment Advisors LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at about $322,000. Scott Capital Advisors LLC grew its position in shares of NVIDIA by 1,279.1% during the 2nd quarter. Scott Capital Advisors LLC now owns 13,157 shares of the computer hardware maker’s stock worth $1,729,000 after buying an additional 12,203 shares during the period. Finally, Jacobs & Co. CA raised its stake in shares of NVIDIA by 830.6% during the second quarter. Jacobs & Co. CA now owns 344,454 shares of the computer hardware maker’s stock worth $42,553,000 after buying an additional 307,438 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 165,100 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $121.27, for a total transaction of $20,021,677.00. Following the completion of the sale, the director now directly owns 8,420,117 shares in the company, valued at approximately $1,021,107,588.59. The trade was a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,556,986 shares of company stock valued at $201,687,727. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Trading Up 3.1 %

NVIDIA stock opened at $134.70 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a 50-day moving average of $139.63 and a 200-day moving average of $127.25. The company has a market cap of $3.30 trillion, a price-to-earnings ratio of 53.01, a P/E/G ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a one year low of $47.32 and a one year high of $152.89.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 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 return on equity of 114.83% and a net margin of 55.69%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, equities analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA declared that its board has authorized a share repurchase program on Wednesday, August 28th that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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 issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVDA. Truist Financial raised their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped 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. Robert W. Baird raised their target price on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. UBS Group boosted their target price on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Wedbush increased their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.