NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by New World Advisors LLC

New World Advisors LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 21.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,290 shares of the computer hardware maker’s stock after acquiring an additional 1,310 shares during the quarter. NVIDIA makes up about 0.2% of New World Advisors LLC’s holdings, making the stock its 13th biggest position. New World Advisors LLC’s holdings in NVIDIA were worth $885,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Graham Capital Wealth Management LLC acquired a new position in NVIDIA in the 3rd quarter valued at $230,000. Sterling Investment Advisors Ltd. boosted its position in NVIDIA by 3.3% during the third quarter. Sterling Investment Advisors Ltd. now owns 75,062 shares of the computer hardware maker’s stock worth $9,115,000 after purchasing an additional 2,419 shares in the last quarter. OMNI 360 Wealth Inc. increased its position in shares of NVIDIA by 125.1% in the third quarter. OMNI 360 Wealth Inc. now owns 16,170 shares of the computer hardware maker’s stock valued at $1,964,000 after buying an additional 8,988 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of NVIDIA by 12.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 446,461 shares of the computer hardware maker’s stock worth $54,218,000 after buying an additional 50,829 shares in the last quarter. Finally, Ellis Investment Partners LLC increased its holdings in NVIDIA by 9.4% during the 3rd quarter. Ellis Investment Partners LLC now owns 9,173 shares of the computer hardware maker’s stock valued at $1,114,000 after acquiring an additional 785 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 1.8 %

Shares of NVIDIA stock opened at $142.44 on Friday. The company has a market capitalization of $3.49 trillion, a PE ratio of 56.06, a P/E/G ratio of 2.62 and a beta of 1.63. NVIDIA Co. has a 1-year low of $45.60 and a 1-year high of $152.89. The business has a 50-day moving average of $138.16 and a 200-day moving average of $125.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. As a group, equities analysts forecast that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

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

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the transaction, the director now owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,796,986 shares of company stock worth $214,418,399. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVDA shares. Citigroup upped their target price on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. HSBC increased their price target on NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird increased their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Stifel Nicolaus increased their price target on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Benchmark increased their price target on NVIDIA from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Four investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.15.

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.