Del Sette Capital Management LLC Has $4.47 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Del Sette Capital Management LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 693.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,174 shares of the computer hardware maker’s stock after purchasing an additional 31,614 shares during the quarter. NVIDIA comprises approximately 3.7% of Del Sette Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Del Sette Capital Management LLC’s holdings in NVIDIA were worth $4,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AdvisorShares Investments LLC increased its position in shares of NVIDIA by 102.2% during the fourth quarter. AdvisorShares Investments LLC now owns 1,719 shares of the computer hardware maker’s stock valued at $851,000 after acquiring an additional 869 shares during the last quarter. NCM Capital Management LLC increased its position in shares of NVIDIA by 13.8% during the 4th quarter. NCM Capital Management LLC now owns 14,781 shares of the computer hardware maker’s stock valued at $7,320,000 after purchasing an additional 1,787 shares during the last quarter. Delaney Dennis R raised its stake in shares of NVIDIA by 0.4% during the 4th quarter. Delaney Dennis R now owns 8,825 shares of the computer hardware maker’s stock worth $4,370,000 after purchasing an additional 32 shares during the period. Broderick Brian C boosted its holdings in shares of NVIDIA by 1.2% in the 4th quarter. Broderick Brian C now owns 29,099 shares of the computer hardware maker’s stock worth $14,410,000 after buying an additional 352 shares during the last quarter. Finally, Prudential PLC grew its position in NVIDIA by 2.5% during the fourth quarter. Prudential PLC now owns 197,312 shares of the computer hardware maker’s stock valued at $97,713,000 after buying an additional 4,725 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 stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the sale, the director now owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the transaction, the director now owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 385,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $130.74, for a total value of $50,334,900.00. Following the completion of the sale, the director now owns 9,141,240 shares in the company, valued at approximately $1,195,125,717.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,077,403 shares of company stock valued at $486,699,184. 4.23% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $124.92 on Friday. The stock has a market capitalization of $3.07 trillion, a price-to-earnings ratio of 73.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a fifty day moving average of $116.26 and a 200-day moving average of $109.35. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $140.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The firm had revenue of $30.04 billion for the quarter, compared to analysts’ expectations of $28.74 billion. During the same period last 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. Equities research analysts expect that NVIDIA Co. will post 2.65 EPS for the current year.

NVIDIA declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid 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 was Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. HSBC boosted their target price on shares of NVIDIA from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Sanford C. Bernstein increased their price objective on NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Wedbush restated an “outperform” rating and issued a $138.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. Citigroup increased their price target on NVIDIA from $126.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, DA Davidson restated a “neutral” rating and issued a $90.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.10.

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.