Knuff & Co LLC Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Knuff & Co LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,770 shares of the computer hardware maker’s stock after acquiring an additional 1,110 shares during the quarter. NVIDIA comprises about 2.0% of Knuff & Co LLC’s investment portfolio, making the stock its 15th biggest holding. Knuff & Co LLC’s holdings in NVIDIA were worth $6,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Lindenwold Advisors INC increased its position in NVIDIA by 1.1% during the third quarter. Lindenwold Advisors INC now owns 34,112 shares of the computer hardware maker’s stock valued at $4,143,000 after acquiring an additional 375 shares during the last quarter. Baron Wealth Management LLC grew its stake in shares of NVIDIA by 6.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,942 shares of the computer hardware maker’s stock valued at $2,057,000 after purchasing an additional 1,079 shares during the period. Joseph Group Capital Management purchased a new stake in shares of NVIDIA during the 3rd quarter valued at about $610,000. OneAscent Wealth Management LLC lifted its stake in shares of NVIDIA by 5.4% in the 3rd quarter. OneAscent Wealth Management LLC now owns 8,190 shares of the computer hardware maker’s stock worth $995,000 after purchasing an additional 418 shares during the period. Finally, Meeder Advisory Services Inc. boosted its holdings in shares of NVIDIA by 3.0% in the third quarter. Meeder Advisory Services Inc. now owns 479,954 shares of the computer hardware maker’s stock worth $58,286,000 after buying an additional 13,926 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $144.47 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. The firm has a market cap of $3.54 trillion, a PE ratio of 56.86, a PEG ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a one year low of $47.51 and a one year high of $152.89. The firm has a fifty day moving average of $139.57 and a 200 day moving average of $128.25.

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, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, research analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. 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%.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. HSBC upped their target price on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Loop Capital restated a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. UBS Group lifted their target price on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen upped their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Wedbush lifted their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four 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’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the transaction, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, December 13th. The stock was 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 in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,226,886 shares of company stock worth $161,499,400. 4.23% of the stock is owned by corporate insiders.

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.