Vertex Planning Partners LLC Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

Vertex Planning Partners LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,881 shares of the computer hardware maker’s stock after selling 265 shares during the quarter. Vertex Planning Partners LLC’s holdings in NVIDIA were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NVDA. Whalen Wealth Management Inc. raised its holdings in NVIDIA by 8.6% in the third quarter. Whalen Wealth Management Inc. now owns 39,928 shares of the computer hardware maker’s stock worth $4,849,000 after buying an additional 3,177 shares during the last quarter. Belmont Capital LLC increased its position in shares of NVIDIA by 45.1% during the third quarter. Belmont Capital LLC now owns 1,056,003 shares of the computer hardware maker’s stock valued at $128,241,000 after acquiring an additional 328,190 shares in the last quarter. Knuff & Co LLC raised its holdings in NVIDIA by 2.1% in the 3rd quarter. Knuff & Co LLC now owns 54,770 shares of the computer hardware maker’s stock worth $6,651,000 after acquiring an additional 1,110 shares during the last quarter. Lindenwold Advisors INC lifted its position in NVIDIA by 1.1% in the 3rd 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 in the last quarter. Finally, Baron Wealth Management LLC boosted its stake in 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 last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,226,886 shares of company stock worth $161,499,400. Insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NVDA. Robert W. Baird boosted their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Loop Capital reiterated a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Wednesday, November 20th. Susquehanna increased their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA Stock Up 4.5 %

Shares of NVDA stock opened at $144.47 on Friday. The company’s fifty day simple moving average is $139.57 and its two-hundred day simple moving average is $128.25. NVIDIA Co. has a 52 week low of $47.51 and a 52 week high of $152.89. The stock has a market cap of $3.54 trillion, a P/E ratio of 56.86, a PEG ratio of 2.43 and a beta of 1.63. 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 posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. Analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

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