Waller Financial Planning Group Inc. Has $467,000 Holdings in NVIDIA Co. (NASDAQ:NVDA)

Waller Financial Planning Group Inc. raised its position in NVIDIA Co. (NASDAQ:NVDA) by 25.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,847 shares of the computer hardware maker’s stock after buying an additional 786 shares during the period. Waller Financial Planning Group Inc.’s holdings in NVIDIA were worth $467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. M&R Capital Management Inc. lifted its position in shares of NVIDIA by 0.5% during the third quarter. M&R Capital Management Inc. now owns 56,935 shares of the computer hardware maker’s stock worth $6,914,000 after purchasing an additional 267 shares in the last quarter. McAlister Sweet & Associates Inc. lifted its position in shares of NVIDIA by 15.6% during the third quarter. McAlister Sweet & Associates Inc. now owns 49,063 shares of the computer hardware maker’s stock worth $5,958,000 after purchasing an additional 6,627 shares in the last quarter. Appleton Partners Inc. MA lifted its position in shares of NVIDIA by 1.7% during the third quarter. Appleton Partners Inc. MA now owns 82,429 shares of the computer hardware maker’s stock worth $10,010,000 after purchasing an additional 1,417 shares in the last quarter. Jacobs & Co. CA lifted its position in shares of NVIDIA by 0.4% during the third quarter. Jacobs & Co. CA now owns 345,899 shares of the computer hardware maker’s stock worth $42,005,000 after purchasing an additional 1,445 shares in the last quarter. Finally, First Financial Bank Trust Division lifted its position in shares of NVIDIA by 100.3% during the third quarter. First Financial Bank Trust Division now owns 10,116 shares of the computer hardware maker’s stock worth $1,228,000 after purchasing an additional 5,066 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $135.40 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79. The stock’s fifty day moving average price is $125.25 and its two-hundred day moving average price is $116.24. NVIDIA Co. has a one year low of $42.89 and a one year high of $144.42. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 63.57, a P/E/G ratio of 1.40 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 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 analyst estimates of $28.74 billion. During the same period in the prior year, the firm posted $0.25 EPS. The company’s revenue for the quarter was up 122.4% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Co. will post 2.65 EPS for the current year.

NVIDIA announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.88%.

Insider Activity

In other news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the sale, the director now owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,396,270 shares of company stock worth $279,825,927. 4.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVDA. DA Davidson reiterated a “neutral” rating and set a $90.00 target price on shares of NVIDIA in a research report on Thursday, August 29th. Bank of America upped their target price on shares of NVIDIA from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Benchmark reaffirmed a “buy” rating and issued a $170.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. Truist Financial upped their target price on shares of NVIDIA from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $175.00 price objective on shares of NVIDIA in a report on Tuesday, October 8th. Five investment 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 stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $143.07.

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.