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

Unique Wealth LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 15.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,201 shares of the computer hardware maker’s stock after purchasing an additional 4,550 shares during the quarter. NVIDIA comprises approximately 1.0% of Unique Wealth LLC’s investment portfolio, making the stock its 21st largest position. Unique Wealth LLC’s holdings in NVIDIA were worth $4,153,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Privium Fund Management UK Ltd acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $2,635,000. Miracle Mile Advisors LLC boosted its stake in NVIDIA by 5.3% during the first quarter. Miracle Mile Advisors LLC now owns 39,794 shares of the computer hardware maker’s stock worth $35,956,000 after buying an additional 2,003 shares during the last quarter. CCG Wealth Management LLC grew its holdings in NVIDIA by 27.9% in the 1st quarter. CCG Wealth Management LLC now owns 587 shares of the computer hardware maker’s stock valued at $531,000 after buying an additional 128 shares in the last quarter. Claro Advisors LLC increased its stake in shares of NVIDIA by 3.4% in the 1st quarter. Claro Advisors LLC now owns 10,152 shares of the computer hardware maker’s stock worth $9,173,000 after acquiring an additional 337 shares during the last quarter. Finally, O ROURKE & COMPANY Inc raised its holdings in shares of NVIDIA by 16.2% during the 1st quarter. O ROURKE & COMPANY Inc now owns 611 shares of the computer hardware maker’s stock worth $552,000 after acquiring an additional 85 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NVDA shares. Evercore ISI raised their price objective on shares of NVIDIA from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Mizuho raised their price target on shares of NVIDIA from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Raymond James upped their price objective on NVIDIA from $120.00 to $140.00 and gave the company a “strong-buy” rating in a report on Thursday, August 29th. TD Cowen upgraded NVIDIA to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 target price on shares of NVIDIA in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.07.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $103.85, for a total value of $12,462,000.00. Following the completion of the sale, the chief executive officer now owns 76,854,995 shares in the company, valued at $7,981,391,230.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’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 transaction, the director now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $103.85, for a total transaction of $12,462,000.00. Following the completion of the sale, the chief executive officer now owns 76,854,995 shares of the company’s stock, valued at $7,981,391,230.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,396,270 shares of company stock worth $279,825,927. Insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 0.5 %

NASDAQ NVDA opened at $136.05 on Tuesday. The firm’s fifty day moving average price is $125.45 and its 200 day moving average price is $116.60. NVIDIA Co. has a 12 month low of $44.90 and a 12 month high of $144.42. 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 company has a market capitalization of $3.34 trillion, a price-to-earnings ratio of 63.87, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. On average, sell-side analysts expect that NVIDIA Co. will post 2.65 earnings per share for the current fiscal year.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s payout ratio is currently 1.88%.

NVIDIA declared that its board has initiated a stock buyback program on Wednesday, August 28th that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

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.