Vantage Investment Partners LLC Has $8.21 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Vantage Investment Partners LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 24.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 67,599 shares of the computer hardware maker’s stock after selling 22,061 shares during the period. Vantage Investment Partners LLC’s holdings in NVIDIA were worth $8,209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jeppson Wealth Management LLC increased its position in NVIDIA by 0.4% in the 3rd quarter. Jeppson Wealth Management LLC now owns 86,758 shares of the computer hardware maker’s stock worth $10,536,000 after buying an additional 371 shares during the period. Everhart Financial Group Inc. increased its position in NVIDIA by 8.9% during the third quarter. Everhart Financial Group Inc. now owns 182,853 shares of the computer hardware maker’s stock worth $22,206,000 after acquiring an additional 14,868 shares during the period. Fountainhead AM LLC raised its stake in NVIDIA by 10.5% during the 3rd quarter. Fountainhead AM LLC now owns 60,731 shares of the computer hardware maker’s stock valued at $7,375,000 after purchasing an additional 5,759 shares during the last quarter. FDx Advisors Inc. boosted its holdings in NVIDIA by 2.8% in the 3rd quarter. FDx Advisors Inc. now owns 30,156 shares of the computer hardware maker’s stock valued at $3,662,000 after purchasing an additional 833 shares during the period. Finally, Northwest Wealth Management LLC grew its position in NVIDIA by 0.8% in the 3rd quarter. Northwest Wealth Management LLC now owns 32,631 shares of the computer hardware maker’s stock worth $3,963,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 716 shares of the company’s 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 sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,351,886 shares of company stock valued at $176,825,650 over the last 90 days. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $137.01 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 52-week low of $47.32 and a 52-week high of $152.89. The business has a 50 day simple moving average of $139.97 and a 200 day simple moving average of $127.90. The stock has a market cap of $3.36 trillion, a price-to-earnings ratio of 53.92, a PEG ratio of 2.43 and a beta of 1.64.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Rosenblatt Securities restated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Monday, November 18th. Robert W. Baird raised their target price on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Finally, Piper Sandler lifted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently 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.