Rise Advisors LLC Has $2.93 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Rise Advisors LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,133 shares of the computer hardware maker’s stock after selling 851 shares during the period. NVIDIA accounts for 1.4% of Rise Advisors LLC’s holdings, making the stock its 11th biggest holding. Rise Advisors LLC’s holdings in NVIDIA were worth $2,931,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its holdings in NVIDIA by 52.2% in the first quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock valued at $34,597,000 after buying an additional 13,135 shares during the period. Gilbert & Cook Inc. raised its position in shares of NVIDIA by 0.6% in the 1st quarter. Gilbert & Cook Inc. now owns 7,933 shares of the computer hardware maker’s stock worth $7,168,000 after acquiring an additional 45 shares in the last quarter. Quent Capital LLC lifted its stake in shares of NVIDIA by 3.2% in the 1st quarter. Quent Capital LLC now owns 14,446 shares of the computer hardware maker’s stock valued at $13,053,000 after purchasing an additional 454 shares during the period. Haverford Trust Co boosted its position in shares of NVIDIA by 25.1% during the 1st quarter. Haverford Trust Co now owns 5,441 shares of the computer hardware maker’s stock valued at $4,916,000 after purchasing an additional 1,091 shares in the last quarter. Finally, Graypoint LLC grew its stake in NVIDIA by 1.6% during the first quarter. Graypoint LLC now owns 44,714 shares of the computer hardware maker’s stock worth $40,402,000 after purchasing an additional 684 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 3.3 %

NASDAQ:NVDA opened at $141.98 on Friday. NVIDIA Co. has a 12 month low of $45.01 and a 12 month high of $149.77. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $130.18 and its 200 day moving average is $119.70. The stock has a market capitalization of $3.48 trillion, a PE ratio of 66.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last issued its 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. The firm 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 revenue was up 122.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. Sell-side analysts expect that NVIDIA Co. will post 2.66 earnings per share for the current year.

NVIDIA Cuts Dividend

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

NVIDIA declared that its board has authorized a share buyback plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. DA Davidson reissued a “neutral” rating and issued a $90.00 price target on shares of NVIDIA in a research note on Thursday, August 29th. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 29th. Westpark Capital raised their price target on shares of NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. TD Cowen upgraded shares of NVIDIA to a “strong-buy” rating in a report on Monday, September 16th. Finally, New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.40.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 155,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the sale, the insider now directly owns 492,409 shares in the company, valued at $57,370,572.59. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,156,270 shares of company stock worth $254,784,327 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

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.