NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 44.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,460 shares of the computer hardware maker’s stock after purchasing an additional 30,085 shares during the period. NVIDIA makes up 3.3% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 3rd biggest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in NVIDIA were worth $11,957,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oliver Luxxe Assets LLC boosted its position in NVIDIA by 6.6% during the third quarter. Oliver Luxxe Assets LLC now owns 2,345 shares of the computer hardware maker’s stock worth $285,000 after purchasing an additional 145 shares during the period. Smith Chas P & Associates PA Cpas boosted its holdings in shares of NVIDIA by 15.3% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 19,392 shares of the computer hardware maker’s stock worth $2,355,000 after buying an additional 2,566 shares during the period. Thomasville National Bank grew its stake in NVIDIA by 432.3% in the 3rd quarter. Thomasville National Bank now owns 83,923 shares of the computer hardware maker’s stock valued at $10,192,000 after buying an additional 68,158 shares during the last quarter. Willis Investment Counsel raised its holdings in NVIDIA by 19.6% in the 3rd quarter. Willis Investment Counsel now owns 148,192 shares of the computer hardware maker’s stock worth $17,996,000 after acquiring an additional 24,282 shares during the period. Finally, Affiance Financial LLC lifted its position in NVIDIA by 8.1% during the 3rd quarter. Affiance Financial LLC now owns 12,716 shares of the computer hardware maker’s stock worth $1,544,000 after acquiring an additional 956 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $141.98 on Friday. The business has a fifty day moving average of $130.97 and a 200-day moving average of $120.08. 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 Co. has a twelve month low of $45.01 and a twelve month high of $149.77. The firm has a market cap 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 posted its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The firm had revenue of $30.04 billion during the quarter, compared to analysts’ expectations of $28.74 billion. During the same quarter last year, the company posted $0.25 EPS. The company’s quarterly revenue was up 122.4% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 2.66 EPS for the current fiscal year.

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

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 payout ratio is presently 1.88%.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $119.03, for a total value of $14,283,600.00. Following the completion of the sale, the chief executive officer now directly owns 76,494,995 shares of the company’s stock, valued at $9,105,199,254.85. This represents a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 492,409 shares in the company, valued at $57,370,572.59. This represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,156,270 shares of company stock worth $254,784,327. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Tuesday, October 8th. HSBC raised their target price on NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price target on NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Truist Financial increased their price objective on NVIDIA from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, William Blair began coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.40.

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.