Regent Peak Wealth Advisors LLC Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

Regent Peak Wealth Advisors LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,511 shares of the computer hardware maker’s stock after selling 1,212 shares during the quarter. NVIDIA accounts for about 2.2% of Regent Peak Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. Regent Peak Wealth Advisors LLC’s holdings in NVIDIA were worth $9,899,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its position in NVIDIA by 52.2% during 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 purchasing an additional 13,135 shares in the last quarter. Defender Capital LLC. increased its position in shares of NVIDIA by 40.5% during the 1st quarter. Defender Capital LLC. now owns 1,405 shares of the computer hardware maker’s stock valued at $1,270,000 after purchasing an additional 405 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of NVIDIA by 23.0% during the 1st quarter. Empowered Funds LLC now owns 71,262 shares of the computer hardware maker’s stock valued at $64,389,000 after buying an additional 13,315 shares in the last quarter. Metis Global Partners LLC lifted its position in NVIDIA by 0.3% in the 1st quarter. Metis Global Partners LLC now owns 138,945 shares of the computer hardware maker’s stock worth $125,545,000 after buying an additional 381 shares during the last quarter. Finally, Insight 2811 Inc. purchased a new stake in NVIDIA in the first quarter worth approximately $277,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 76,494,995 shares in the company, valued at $9,105,199,254.85. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the company’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 sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock valued at $254,784,327 over the last ninety days. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVDA. TD Cowen raised shares of NVIDIA to a “strong-buy” rating in a research note on Monday, September 16th. Craig Hallum boosted their price target on shares of NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. UBS Group upped their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Susquehanna boosted their target price on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their target price on NVIDIA from $115.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.63.

NVIDIA Stock Performance

Shares of NVDA stock opened at $145.89 on Thursday. The company has a market capitalization of $3.58 trillion, a price-to-earnings ratio of 68.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.66. 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 one year low of $45.01 and a one year high of $149.77. The company’s 50-day moving average is $133.00 and its 200 day moving average is $121.54.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. Sell-side analysts expect that NVIDIA Co. will post 2.67 EPS for the current fiscal year.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.88%.

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.