GoalVest Advisory LLC Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

GoalVest Advisory LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,148 shares of the computer hardware maker’s stock after purchasing an additional 880 shares during the quarter. NVIDIA comprises approximately 1.0% of GoalVest Advisory LLC’s investment portfolio, making the stock its 12th biggest holding. GoalVest Advisory LLC’s holdings in NVIDIA were worth $3,418,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Lantz Financial LLC increased its holdings in shares of 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 acquiring an additional 36,774 shares in the last quarter. Meridian Financial Partners LLC grew its position in NVIDIA by 952.7% during the 2nd quarter. Meridian Financial Partners LLC now owns 21,864 shares of the computer hardware maker’s stock worth $2,648,000 after purchasing an additional 19,787 shares during the last quarter. Boston Trust Walden Corp increased its stake in NVIDIA by 55,645.8% during the 2nd quarter. Boston Trust Walden Corp now owns 466,035 shares of the computer hardware maker’s stock valued at $57,574,000 after purchasing an additional 465,199 shares in the last quarter. Bellecapital International Ltd. raised its holdings in shares of NVIDIA by 875.3% in the second quarter. Bellecapital International Ltd. now owns 37,470 shares of the computer hardware maker’s stock worth $4,629,000 after buying an additional 33,628 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its stake in shares of NVIDIA by 932.8% during the second quarter. Oakworth Capital Inc. now owns 75,578 shares of the computer hardware maker’s stock worth $9,337,000 after buying an additional 68,260 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now directly owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm’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 transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,226,886 shares of company stock valued at $161,499,400. 4.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research reports. Citigroup upped their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Melius Research increased their price objective on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of NVIDIA in a report on Monday, November 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, Truist Financial raised their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four investment 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. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Stock Up 3.0 %

NVDA stock opened at $138.31 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $139.51 and a two-hundred day moving average of $128.16. NVIDIA Co. has a 12 month low of $47.32 and a 12 month high of $152.89. The company has a market cap of $3.39 trillion, a price-to-earnings ratio of 54.43, a PEG ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating 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 return on equity of 114.83% and a net margin of 55.69%. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. As a group, analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA 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.