NVIDIA Co. (NASDAQ:NVDA) is Advisors Management Group Inc. ADV’s 4th Largest Position

Advisors Management Group Inc. ADV increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,152 shares of the computer hardware maker’s stock after buying an additional 4,717 shares during the quarter. NVIDIA accounts for about 2.9% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 4th largest position. Advisors Management Group Inc. ADV’s holdings in NVIDIA were worth $12,405,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVDA. Lantz Financial LLC raised its position in shares of NVIDIA by 833.1% during the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares during the period. Quad Cities Investment Group LLC increased its stake in NVIDIA by 2,196.7% in the 2nd quarter. Quad Cities Investment Group LLC now owns 21,796 shares of the computer hardware maker’s stock worth $2,693,000 after buying an additional 20,847 shares in the last quarter. Czech National Bank raised its holdings in NVIDIA by 978.7% during the second quarter. Czech National Bank now owns 4,688,117 shares of the computer hardware maker’s stock valued at $579,170,000 after acquiring an additional 4,253,518 shares during the period. SMI Advisory Services LLC purchased a new position in shares of NVIDIA in the second quarter valued at about $562,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of NVIDIA by 886.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 706,920 shares of the computer hardware maker’s stock worth $87,241,000 after acquiring an additional 635,228 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 165,100 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $121.27, for a total value of $20,021,677.00. Following the transaction, the director now directly owns 8,420,117 shares of the company’s stock, valued at $1,021,107,588.59. This represents a 1.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was 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 of the company’s stock, valued at approximately $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 sold a total of 1,556,986 shares of company stock worth $201,687,727 over the last three months. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Sanford C. Bernstein boosted their target price on shares of NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Wells Fargo & Company upped their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Evercore ISI lifted their price target on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Phillip Securities reissued an “accumulate” rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA Trading Up 3.1 %

NASDAQ NVDA opened at $134.70 on Friday. The stock has a market cap of $3.30 trillion, a PE ratio of 53.01, a PEG ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 12 month low of $47.32 and a 12 month high of $152.89. The company’s 50-day moving average price is $139.63 and its 200-day moving average price is $127.32. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 93.6% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

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

NVIDIA Announces Dividend

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

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.