NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Tower Bridge Advisors

Tower Bridge Advisors boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,700 shares of the computer hardware maker’s stock after purchasing an additional 800 shares during the quarter. Tower Bridge Advisors’ holdings in NVIDIA were worth $3,728,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mechanics Financial Corp boosted its position in shares of NVIDIA by 71.8% in the 3rd quarter. Mechanics Financial Corp now owns 25,012 shares of the computer hardware maker’s stock worth $3,037,000 after buying an additional 10,452 shares in the last quarter. Accent Capital Management LLC increased its holdings in NVIDIA by 3.5% during the 3rd quarter. Accent Capital Management LLC now owns 148,479 shares of the computer hardware maker’s stock valued at $18,033,000 after acquiring an additional 5,077 shares in the last quarter. Adero Partners LLC lifted its holdings in shares of NVIDIA by 4.1% in the third quarter. Adero Partners LLC now owns 249,843 shares of the computer hardware maker’s stock valued at $30,341,000 after purchasing an additional 9,891 shares in the last quarter. Atlanta Consulting Group Advisors LLC lifted its holdings in shares of NVIDIA by 146.6% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 41,671 shares of the computer hardware maker’s stock valued at $5,061,000 after purchasing an additional 24,773 shares in the last quarter. Finally, GoalVest Advisory LLC grew its position in shares of NVIDIA by 3.2% in the third quarter. GoalVest Advisory LLC now owns 28,148 shares of the computer hardware maker’s stock valued at $3,418,000 after purchasing an additional 880 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NVDA. Citigroup upped their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group upped their price objective on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Loop Capital reiterated a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Raymond James boosted their target price on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Barclays raised their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.15.

NVIDIA Stock Up 3.0 %

Shares of NASDAQ:NVDA opened at $138.31 on Friday. The company has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 54.43, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. The company has a 50 day moving average of $139.51 and a two-hundred day moving average of $128.16. NVIDIA Co. has a 52-week low of $47.32 and a 52-week high of $152.89. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating 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 business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period last year, the business earned $0.38 EPS. The business’s revenue was up 93.6% on a year-over-year basis. As a group, analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the company’s 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 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 document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,226,886 shares of company stock valued at $161,499,400. 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.