Beam Wealth Advisors Inc. Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Beam Wealth Advisors Inc. lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,072 shares of the computer hardware maker’s stock after acquiring an additional 1,957 shares during the quarter. NVIDIA accounts for about 4.9% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. Beam Wealth Advisors Inc.’s holdings in NVIDIA were worth $16,039,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Lantz Financial LLC increased its holdings in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after buying an additional 36,774 shares during the last quarter. Hendley & Co. Inc. grew its position in shares of NVIDIA by 906.5% during the 2nd quarter. Hendley & Co. Inc. now owns 15,500 shares of the computer hardware maker’s stock valued at $1,915,000 after acquiring an additional 13,960 shares during the period. Deltec Asset Management LLC raised its holdings in NVIDIA by 893.0% in the 2nd quarter. Deltec Asset Management LLC now owns 163,500 shares of the computer hardware maker’s stock worth $20,199,000 after purchasing an additional 147,035 shares during the period. ORG Partners LLC lifted its position in NVIDIA by 9,245.5% during 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 in the last quarter. Finally, Bremer Bank National Association grew its holdings in NVIDIA by 755.5% during the second quarter. Bremer Bank National Association now owns 206,061 shares of the computer hardware maker’s stock valued at $25,457,000 after purchasing an additional 181,975 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on NVDA. Piper Sandler raised their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. 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. Wedbush upped their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Susquehanna increased their price target on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC upped their price objective on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $139.93 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. The firm has a market cap of $3.43 trillion, a PE ratio of 55.07, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The firm’s 50 day simple moving average is $139.99 and its 200-day simple moving average is $127.80. NVIDIA Co. has a one year low of $47.32 and a one year high of $152.89.

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. The business 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 revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. As a group, equities analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the insider now owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,351,886 shares of company stock worth $176,825,650. Corporate insiders own 4.23% of the company’s stock.

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.