NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 18.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,111 shares of the computer hardware maker’s stock after buying an additional 1,732 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in NVIDIA were worth $1,349,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NVDA. Lion Street Advisors LLC boosted its position in shares of NVIDIA by 0.3% during the 3rd quarter. Lion Street Advisors LLC now owns 33,792 shares of the computer hardware maker’s stock valued at $4,104,000 after purchasing an additional 109 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of NVIDIA by 44.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,021,599 shares of the computer hardware maker’s stock valued at $124,069,000 after purchasing an additional 314,679 shares in the last quarter. LongView Wealth Management boosted its position in shares of NVIDIA by 11.0% during the 3rd quarter. LongView Wealth Management now owns 21,066 shares of the computer hardware maker’s stock valued at $2,558,000 after purchasing an additional 2,082 shares in the last quarter. Juncture Wealth Strategies LLC boosted its position in shares of NVIDIA by 4.5% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 10,070 shares of the computer hardware maker’s stock valued at $1,223,000 after purchasing an additional 435 shares in the last quarter. Finally, Iowa State Bank boosted its position in shares of NVIDIA by 16.8% during the 3rd quarter. Iowa State Bank now owns 87,256 shares of the computer hardware maker’s stock valued at $10,596,000 after purchasing an additional 12,580 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $146.27 on Thursday. The stock has a market cap of $3.59 trillion, a P/E ratio of 68.61, a PEG ratio of 1.56 and a beta of 1.66. NVIDIA Co. has a one year low of $45.01 and a one year high of $149.77. The company has a fifty day moving average price of $128.59 and a 200 day moving average price of $119.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion during the quarter, compared to analysts’ expectations of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Analysts anticipate that NVIDIA Co. will post 2.66 earnings per share for the current year.

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

NVIDIA Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.88%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. 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 news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. 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. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the sale, the insider now directly owns 492,409 shares in the company, valued at approximately $57,370,572.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,156,270 shares of company stock valued at $254,784,327. 4.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NVDA. Citigroup raised their target price on shares of NVIDIA from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. Mizuho raised their target price on shares of NVIDIA from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday. Sanford C. Bernstein raised their target price on shares of NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. UBS Group raised their target price on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wedbush reiterated an “outperform” rating and issued a $138.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.48.

About NVIDIA

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.