NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,846,252 shares of the computer hardware maker’s stock after selling 378,375 shares during the period. NVIDIA accounts for approximately 2.5% of Thrivent Financial for Lutherans’ holdings, making the stock its 3rd biggest position. Thrivent Financial for Lutherans’ holdings in NVIDIA were worth $1,317,331,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NVDA. Claro Advisors LLC grew its holdings in shares of NVIDIA by 17.8% during the third quarter. Claro Advisors LLC now owns 120,068 shares of the computer hardware maker’s stock valued at $14,581,000 after purchasing an additional 18,157 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its position in NVIDIA by 12.8% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 8,283 shares of the computer hardware maker’s stock valued at $1,006,000 after purchasing an additional 938 shares during the period. Cardano Risk Management B.V. grew its position in shares of NVIDIA by 4.8% during the third quarter. Cardano Risk Management B.V. now owns 7,106,823 shares of the computer hardware maker’s stock worth $863,053,000 after acquiring an additional 324,101 shares during the last quarter. RiverPark Advisors LLC grew its position in shares of NVIDIA by 4.7% during the third quarter. RiverPark Advisors LLC now owns 27,270 shares of the computer hardware maker’s stock worth $3,312,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Ceera Investments LLC increased its holdings in shares of NVIDIA by 26.1% in the 3rd quarter. Ceera Investments LLC now owns 3,860 shares of the computer hardware maker’s stock worth $469,000 after acquiring an additional 800 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction 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 $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,226,886 shares of company stock worth $161,499,400. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. DA Davidson upped their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. HSBC increased their price objective on NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. UBS Group lifted their target price on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC increased their price target on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays lifted their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.15.

NVIDIA Price Performance

NASDAQ NVDA 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. NVIDIA Co. has a 1 year low of $47.32 and a 1 year high of $152.89. The company has a fifty day simple moving average of $139.51 and a 200 day simple moving average of $128.16. The company has a market cap of $3.39 trillion, a P/E ratio of 54.43, a P/E/G ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the prior year, the business earned $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio is presently 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.