Ashton Thomas Securities LLC Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Ashton Thomas Securities LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 34.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,171 shares of the computer hardware maker’s stock after acquiring an additional 23,009 shares during the quarter. NVIDIA comprises 2.1% of Ashton Thomas Securities LLC’s portfolio, making the stock its 6th biggest holding. Ashton Thomas Securities LLC’s holdings in NVIDIA were worth $10,739,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lantz Financial LLC lifted its stake 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 worth $5,088,000 after buying an additional 36,774 shares during the last quarter. Hendley & Co. Inc. lifted its position in NVIDIA by 906.5% during the second quarter. Hendley & Co. Inc. now owns 15,500 shares of the computer hardware maker’s stock worth $1,915,000 after acquiring an additional 13,960 shares during the last quarter. Deltec Asset Management LLC boosted its holdings in shares of NVIDIA by 893.0% during the second quarter. Deltec Asset Management LLC now owns 163,500 shares of the computer hardware maker’s stock worth $20,199,000 after acquiring an additional 147,035 shares during the period. ORG Partners LLC grew its position in shares of NVIDIA by 9,245.5% in the second quarter. ORG Partners LLC now owns 82,240 shares of the computer hardware maker’s stock valued at $10,214,000 after purchasing an additional 81,360 shares during the last quarter. Finally, Bremer Bank National Association increased its stake in shares of NVIDIA by 755.5% during the second quarter. Bremer Bank National Association now owns 206,061 shares of the computer hardware maker’s stock worth $25,457,000 after purchasing an additional 181,975 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NVDA. Loop Capital reaffirmed a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Wednesday, November 20th. Piper Sandler upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Benchmark lifted their price objective on shares of NVIDIA from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays increased their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Trading Down 0.2 %

Shares of NASDAQ NVDA opened at $139.93 on Friday. The stock has a market cap of $3.43 trillion, a P/E ratio of 55.07, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The firm has a 50 day moving average price of $139.99 and a two-hundred day moving average price of $127.80. 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 52-week low of $47.32 and a 52-week high of $152.89.

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

NVIDIA Dividend Announcement

The business also recently disclosed 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. 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 Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on 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 completion of the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 125,000 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the sale, the director now directly owns 8,255,117 shares in the company, valued at $1,012,159,895.37. This trade represents a 1.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,351,886 shares of company stock worth $176,825,650 over the last ninety days. Insiders own 4.23% of the company’s stock.

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.