NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,686 shares of the computer hardware maker’s stock after selling 2,392 shares during the period. NVIDIA comprises 0.5% of Impact Partnership Wealth LLC’s investment portfolio, making the stock its 27th biggest position. Impact Partnership Wealth LLC’s holdings in NVIDIA were worth $2,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in NVDA. Grimes & Company Inc. raised its position in shares of NVIDIA by 20.6% in the third quarter. Grimes & Company Inc. now owns 116,392 shares of the computer hardware maker’s stock valued at $14,135,000 after buying an additional 19,884 shares during the last quarter. PSI Advisors LLC lifted its position in NVIDIA by 19.9% during the third quarter. PSI Advisors LLC now owns 31,508 shares of the computer hardware maker’s stock worth $3,826,000 after buying an additional 5,235 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its stake in NVIDIA by 0.3% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 30,080 shares of the computer hardware maker’s stock worth $3,653,000 after buying an additional 80 shares during the last quarter. Grassi Investment Management grew its holdings in NVIDIA by 1.3% in the 3rd quarter. Grassi Investment Management now owns 1,691,840 shares of the computer hardware maker’s stock valued at $205,457,000 after buying an additional 21,040 shares in the last quarter. Finally, Greystone Financial Group LLC increased its stake in shares of NVIDIA by 61.2% in the 3rd quarter. Greystone Financial Group LLC now owns 32,563 shares of the computer hardware maker’s stock worth $3,954,000 after acquiring an additional 12,368 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $105.33, for a total value of $12,639,600.00. Following the transaction, the chief executive officer now directly owns 75,895,836 shares of the company’s stock, valued at $7,994,108,405.88. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,916,986 shares of company stock worth $227,311,199 over the last 90 days. 4.23% of the stock is owned by insiders.

NVIDIA Trading Up 0.3 %

NASDAQ NVDA opened at $138.63 on Tuesday. NVIDIA Co. has a 52 week low of $45.01 and a 52 week high of $152.89. The firm has a 50 day moving average of $136.05 and a two-hundred day moving average of $124.11. 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 $3.40 trillion, a PE ratio of 54.58, a price-to-earnings-growth ratio of 2.50 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company’s revenue was up 93.6% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

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

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NVDA. New Street Research raised shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Tuesday, August 6th. Oppenheimer reiterated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Sanford C. Bernstein raised their price target on shares of NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft upped their price objective on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Finally, Phillip Securities reissued an “accumulate” rating and set a $160.00 target price (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.