BCM Advisors LLC Has $4.15 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

BCM Advisors LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,157 shares of the computer hardware maker’s stock after purchasing an additional 236 shares during the quarter. NVIDIA makes up about 1.0% of BCM Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. BCM Advisors LLC’s holdings in NVIDIA were worth $4,148,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Regal Partners Ltd acquired a new stake in shares of NVIDIA during the 3rd quarter worth $2,158,000. Fortis Capital Management LLC boosted its position in shares of NVIDIA by 8.5% during the 3rd quarter. Fortis Capital Management LLC now owns 112,652 shares of the computer hardware maker’s stock valued at $13,680,000 after purchasing an additional 8,846 shares in the last quarter. Freemont Management S.A. raised its holdings in shares of NVIDIA by 4.2% during the third quarter. Freemont Management S.A. now owns 111,500 shares of the computer hardware maker’s stock valued at $13,541,000 after purchasing an additional 4,500 shares during the period. Plato Investment Management Ltd grew its position in NVIDIA by 1.4% in the 3rd quarter. Plato Investment Management Ltd now owns 605,130 shares of the computer hardware maker’s stock valued at $73,413,000 after purchasing an additional 8,497 shares during the period. Finally, Firetrail Investments PTY Ltd. bought a new position in NVIDIA in the 3rd quarter valued at about $20,120,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business’s 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 sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,351,886 shares of company stock valued at $176,825,650. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $137.49 on Tuesday. The stock has a fifty day moving average price of $139.84 and a 200 day moving average price of $128.03. NVIDIA Co. has a 52 week low of $47.32 and a 52 week high of $152.89. The firm has a market capitalization of $3.37 trillion, a P/E ratio of 54.11, a PEG ratio of 2.43 and a beta of 1.63. 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 released its quarterly earnings data 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid 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 was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. TD Cowen lifted their price target on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company 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 stock. Based on data from MarketBeat, NVIDIA currently has a consensus 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.