NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Dodds Wealth LLC

Dodds Wealth LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,214.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,530 shares of the computer hardware maker’s stock after acquiring an additional 11,577 shares during the period. NVIDIA comprises 0.6% of Dodds Wealth LLC’s investment portfolio, making the stock its 19th biggest position. Dodds Wealth LLC’s holdings in NVIDIA were worth $1,646,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft raised its stake in NVIDIA by 34.9% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 44,214 shares of the computer hardware maker’s stock worth $21,896,000 after acquiring an additional 11,445 shares in the last quarter. Shared Vision Wealth Group LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth about $269,000. OMNI 360 Wealth Inc. purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $240,000. Monolith Management Ltd acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $9,483,000. Finally, Pacific Sun Financial Corp purchased a new position in NVIDIA during the 4th quarter worth approximately $214,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $111.83, for a total transaction of $13,419,600.00. Following the sale, the chief executive officer now owns 75,655,836 shares of the company’s stock, valued at $8,460,592,139.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 385,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total transaction of $50,334,900.00. Following the sale, the director now directly owns 9,141,240 shares of the company’s stock, valued at approximately $1,195,125,717.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $111.83, for a total transaction of $13,419,600.00. Following the completion of the transaction, the chief executive officer now directly owns 75,655,836 shares of the company’s stock, valued at approximately $8,460,592,139.88. The disclosure for this sale can be found here. Insiders sold a total of 3,845,633 shares of company stock valued at $465,330,122 over the last three months. 4.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

NVDA has been the topic of a number of recent research reports. DA Davidson reaffirmed a “neutral” rating and issued a $90.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Citigroup lifted their price objective on shares of NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Bank of America reaffirmed a “buy” rating and issued a $165.00 target price on shares of NVIDIA in a report on Thursday, September 5th. Sanford C. Bernstein raised their price target on NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, HSBC upped their price objective on NVIDIA from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $142.10.

NVIDIA Price Performance

NVIDIA stock opened at $116.78 on Tuesday. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $117.19 and its 200 day simple moving average is $106.39. NVIDIA Co. has a 52 week low of $39.23 and a 52 week high of $140.76. The firm has a market capitalization of $2.87 trillion, a PE ratio of 68.29, a P/E/G ratio of 1.06 and a beta of 1.67.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The company had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 122.4% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 2.64 EPS for the current fiscal year.

NVIDIA announced that its board has approved a stock buyback program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

NVIDIA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, September 12th. NVIDIA’s payout ratio is 2.34%.

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.