Biechele Royce Advisors Sells 118 Shares of NVIDIA Co. (NASDAQ:NVDA)

Biechele Royce Advisors lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,913 shares of the computer hardware maker’s stock after selling 118 shares during the quarter. Biechele Royce Advisors’ holdings in NVIDIA were worth $840,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NVDA. Lantz Financial LLC grew its stake in NVIDIA by 833.1% in the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares during the period. Simplicity Wealth LLC grew its stake in NVIDIA by 849.7% in the 2nd quarter. Simplicity Wealth LLC now owns 679,698 shares of the computer hardware maker’s stock valued at $83,970,000 after purchasing an additional 608,125 shares during the period. Gill Capital Partners LLC grew its stake in NVIDIA by 948.8% in the 2nd quarter. Gill Capital Partners LLC now owns 18,061 shares of the computer hardware maker’s stock valued at $2,231,000 after purchasing an additional 16,339 shares during the period. Founders Capital Management grew its stake in NVIDIA by 1,226.9% in the 2nd quarter. Founders Capital Management now owns 690 shares of the computer hardware maker’s stock valued at $85,000 after purchasing an additional 638 shares during the period. Finally, Selective Wealth Management Inc. grew its stake in NVIDIA by 974.3% in the 2nd quarter. Selective Wealth Management Inc. now owns 9,604 shares of the computer hardware maker’s stock valued at $1,262,000 after purchasing an additional 8,710 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $134.25 on Monday. The stock has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 2.52 and a beta of 1.63. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $47.32 and a 1-year high of $152.89. The stock’s 50-day moving average is $139.76 and its 200 day moving average is $126.77.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be paid a $0.01 dividend. The ex-dividend date 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 currently 1.57%.

Insiders Place Their Bets

In other news, Director John Dabiri sold 716 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 5,852,480 shares in the company, valued at $698,025,289.60. This trade represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,628,156 shares of company stock valued at $197,995,077 in the last ninety days. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NVDA. Westpark Capital upped their price objective on NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays upped their price target on NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price target on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Finally, Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target 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.