Clearview Wealth Advisors LLC Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

Clearview Wealth Advisors LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 7,033 shares of the computer hardware maker’s stock after selling 153 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in NVIDIA were worth $854,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Roberts Wealth Advisors LLC raised its stake in shares of NVIDIA by 44.1% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 12,656 shares of the computer hardware maker’s stock worth $1,682,000 after buying an additional 3,876 shares during the period. Piscataqua Savings Bank lifted its stake in NVIDIA by 23.2% in the 3rd quarter. Piscataqua Savings Bank now owns 4,650 shares of the computer hardware maker’s stock worth $565,000 after purchasing an additional 875 shares in the last quarter. Jamison Private Wealth Management Inc. increased its stake in shares of NVIDIA by 0.8% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 191,693 shares of the computer hardware maker’s stock worth $23,279,000 after acquiring an additional 1,459 shares during the last quarter. Sentry LLC purchased a new position in NVIDIA during the third quarter worth about $390,000. Finally, CCG Wealth Management LLC grew its position in NVIDIA by 10.5% in the third quarter. CCG Wealth Management LLC now owns 10,350 shares of the computer hardware maker’s stock worth $1,257,000 after acquiring an additional 983 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the sale, the director now directly owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. This trade represents a 14.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA 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 owns 76,494,995 shares of the company’s stock, valued at approximately $9,105,199,254.85. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,156,270 shares of company stock valued at $254,784,327 in the last ninety days. Insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $147.01 on Wednesday. NVIDIA Co. has a one year low of $45.01 and a one year high of $149.77. The stock has a market cap of $3.61 trillion, a P/E ratio of 69.02, a PEG ratio of 1.49 and a beta of 1.66. The company has a fifty day moving average price of $132.42 and a 200 day moving average price of $121.37. 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 posted its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business’s revenue was up 122.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. Analysts anticipate that NVIDIA Co. will post 2.67 earnings per share for the current year.

NVIDIA announced that its board has approved a share repurchase plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued 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 presently 1.88%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NVDA. Bank of America lifted their target price on NVIDIA from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 target price on shares of NVIDIA in a research report on Monday, August 5th. TD Cowen raised NVIDIA to a “strong-buy” rating in a report on Monday, September 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a report on Monday. Finally, Evercore ISI upped their price objective on NVIDIA from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Five equities 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 data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $154.63.

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.