Blue Investment Partners LLC Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Blue Investment Partners LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 19.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,060 shares of the computer hardware maker’s stock after buying an additional 14,100 shares during the period. NVIDIA makes up 4.4% of Blue Investment Partners LLC’s portfolio, making the stock its 7th largest holding. Blue Investment Partners LLC’s holdings in NVIDIA were worth $10,573,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Lantz Financial LLC lifted its holdings in shares of NVIDIA by 833.1% in the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after acquiring an additional 36,774 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after purchasing an additional 5,695 shares during the period. Charter Oak Capital Management LLC raised its position in NVIDIA by 885.8% in the 2nd quarter. Charter Oak Capital Management LLC now owns 8,882 shares of the computer hardware maker’s stock worth $1,097,000 after purchasing an additional 7,981 shares during the period. CV Advisors LLC boosted its holdings in NVIDIA by 862.1% during the 2nd quarter. CV Advisors LLC now owns 101,808 shares of the computer hardware maker’s stock valued at $12,577,000 after acquiring an additional 91,226 shares during the period. Finally, Premier Path Wealth Partners LLC grew its position in NVIDIA by 925.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 139,739 shares of the computer hardware maker’s stock valued at $17,263,000 after acquiring an additional 126,106 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Down 3.0 %

NVIDIA stock opened at $135.91 on Friday. NVIDIA Co. has a 12 month low of $53.56 and a 12 month high of $153.13. The stock has a market capitalization of $3.33 trillion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a 50 day simple moving average of $139.90 and a 200-day simple moving average of $128.68.

NVIDIA (NASDAQ:NVDA) last released 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 business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. The Goldman Sachs Group raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Needham & Company LLC lifted their price target on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Robert W. Baird increased their price target on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, HSBC increased their price target on NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.63.

Insiders Place Their Bets

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, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. 4.23% of the stock is owned by 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.