NVIDIA Co. (NASDAQ:NVDA) is Sigma Planning Corp’s 3rd Largest Position

Sigma Planning Corp decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 677,980 shares of the computer hardware maker’s stock after selling 29,329 shares during the period. NVIDIA makes up about 2.5% of Sigma Planning Corp’s portfolio, making the stock its 3rd biggest holding. Sigma Planning Corp’s holdings in NVIDIA were worth $82,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrow Financial Corp lifted its position in NVIDIA by 0.8% during the third quarter. Arrow Financial Corp now owns 184,943 shares of the computer hardware maker’s stock valued at $22,459,000 after purchasing an additional 1,525 shares during the period. Avid Wealth Partners LLC grew its holdings in NVIDIA by 12.6% in the third quarter. Avid Wealth Partners LLC now owns 6,350 shares of the computer hardware maker’s stock valued at $771,000 after purchasing an additional 711 shares during the period. Privium Fund Management B.V. increased its holdings in NVIDIA by 28.1% in the 3rd quarter. Privium Fund Management B.V. now owns 73,000 shares of the computer hardware maker’s stock worth $8,864,000 after acquiring an additional 16,000 shares in the last quarter. Mach 1 Financial Group LLC increased its holdings in NVIDIA by 14.1% in the 3rd quarter. Mach 1 Financial Group LLC now owns 25,785 shares of the computer hardware maker’s stock worth $3,138,000 after acquiring an additional 3,191 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its position in NVIDIA by 2.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 106,571 shares of the computer hardware maker’s stock worth $12,942,000 after acquiring an additional 2,147 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $140.22 on Thursday. The stock’s 50 day simple moving average is $139.84 and its 200 day simple moving average is $127.62. 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 Co. has a 12-month low of $47.32 and a 12-month high of $152.89. The firm has a market cap of $3.43 trillion, a P/E ratio of 55.18, a P/E/G ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping 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%. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, equities research analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 28th that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, Director John Dabiri sold 716 shares of the 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 approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $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 quarter, insiders sold 1,391,886 shares of company stock worth $181,666,050. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NVDA. Oppenheimer reissued an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Mizuho raised their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Phillip Securities restated an “accumulate” rating and set a $160.00 price objective (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Benchmark upped their price objective on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group lifted their target price on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Company 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.