Keudell Morrison Wealth Management Purchases 132 Shares of NVIDIA Co. (NASDAQ:NVDA)

Keudell Morrison Wealth Management grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,706 shares of the computer hardware maker’s stock after acquiring an additional 132 shares during the quarter. Keudell Morrison Wealth Management’s holdings in NVIDIA were worth $2,515,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NVDA. Valley Brook Capital Group Inc. increased its stake in NVIDIA by 2.5% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 33,386 shares of the computer hardware maker’s stock worth $4,054,000 after acquiring an additional 830 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in shares of NVIDIA by 2.6% in the third quarter. Kornitzer Capital Management Inc. KS now owns 256,490 shares of the computer hardware maker’s stock worth $31,148,000 after acquiring an additional 6,475 shares during the last quarter. Ascent Wealth Partners LLC boosted its position in NVIDIA by 3.9% in the third quarter. Ascent Wealth Partners LLC now owns 63,757 shares of the computer hardware maker’s stock valued at $7,743,000 after buying an additional 2,365 shares in the last quarter. Castle Wealth Management LLC boosted its holdings in shares of NVIDIA by 2.1% during the 3rd quarter. Castle Wealth Management LLC now owns 12,884 shares of the computer hardware maker’s stock valued at $1,565,000 after acquiring an additional 268 shares in the last quarter. Finally, Droms Strauss Advisors Inc. MO ADV grew its holdings in shares of NVIDIA by 2.1% during the third quarter. Droms Strauss Advisors Inc. MO ADV now owns 6,366 shares of the computer hardware maker’s stock worth $773,000 after purchasing an additional 130 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,556,986 shares of company stock worth $201,687,727. 4.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on NVDA shares. Needham & Company LLC lifted their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Stifel Nicolaus lifted their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Wedbush increased their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. TD Cowen raised their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, William Blair assumed coverage on NVIDIA in a report on Wednesday, September 18th. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $164.15.

NVIDIA Stock Performance

Shares of NVDA stock opened at $134.70 on Friday. 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 Co. has a fifty-two week low of $47.32 and a fifty-two week high of $152.89. The stock has a 50 day moving average price of $139.63 and a two-hundred day moving average price of $127.32. The company has a market capitalization of $3.30 trillion, a P/E ratio of 53.01, a PEG ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’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. Analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 28th that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

NVIDIA Announces Dividend

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

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.