NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,403 shares of the computer hardware maker’s stock after acquiring an additional 225 shares during the period. NVIDIA accounts for about 1.3% of Etesian Wealth Advisors Inc.’s portfolio, making the stock its 17th largest holding. Etesian Wealth Advisors Inc.’s holdings in NVIDIA were worth $2,964,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Integris Wealth Management LLC lifted its position in NVIDIA by 25.3% in the third quarter. Integris Wealth Management LLC now owns 3,828 shares of the computer hardware maker’s stock valued at $465,000 after buying an additional 772 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its stake in shares of NVIDIA by 0.5% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 38,409 shares of the computer hardware maker’s stock valued at $4,664,000 after acquiring an additional 210 shares during the period. Cahaba Wealth Management Inc. lifted its holdings in shares of NVIDIA by 1.2% in the 3rd quarter. Cahaba Wealth Management Inc. now owns 27,439 shares of the computer hardware maker’s stock worth $3,332,000 after acquiring an additional 326 shares during the last quarter. Sander Capital Advisors Inc. boosted its position in shares of NVIDIA by 36.3% during the 3rd quarter. Sander Capital Advisors Inc. now owns 42,088 shares of the computer hardware maker’s stock worth $5,111,000 after purchasing an additional 11,218 shares during the period. Finally, Kraft Asset Management LLC increased its holdings in NVIDIA by 21.3% in the 3rd quarter. Kraft Asset Management LLC now owns 3,969 shares of the computer hardware maker’s stock valued at $482,000 after purchasing an additional 696 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $136.02 on Tuesday. The stock’s 50-day moving average price is $134.39 and its 200 day moving average price is $122.84. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.33 trillion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.66. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Co. will post 2.73 EPS for the current year.

NVIDIA announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were 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 in the company, valued at $9,105,199,254.85. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the transaction, the insider now 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 have sold a total of 2,156,270 shares of company stock valued at $254,784,327 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James raised their price target on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Citigroup raised their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group boosted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Westpark Capital raised their price objective on shares of NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, UBS Group upped their target price on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $164.15.

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.