Roman Butler Fullerton & Co. Has $17.80 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Roman Butler Fullerton & Co. increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 135,288 shares of the computer hardware maker’s stock after purchasing an additional 7,160 shares during the quarter. NVIDIA makes up approximately 5.2% of Roman Butler Fullerton & Co.’s investment portfolio, making the stock its biggest position. Roman Butler Fullerton & Co.’s holdings in NVIDIA were worth $17,804,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. Citizens National Bank Trust Department lifted its position in shares of NVIDIA by 9.2% during the 3rd quarter. Citizens National Bank Trust Department now owns 74,352 shares of the computer hardware maker’s stock valued at $9,029,000 after buying an additional 6,287 shares in the last quarter. Retirement Financial Solutions LLC boosted its position in shares of NVIDIA by 3.2% in the third quarter. Retirement Financial Solutions LLC now owns 3,489 shares of the computer hardware maker’s stock worth $424,000 after purchasing an additional 109 shares during the period. Donaldson Capital Management LLC boosted its position in shares of NVIDIA by 31.6% in the third quarter. Donaldson Capital Management LLC now owns 54,729 shares of the computer hardware maker’s stock worth $6,646,000 after purchasing an additional 13,126 shares during the period. Kanawha Capital Management LLC raised its position in shares of NVIDIA by 29.0% during the 3rd quarter. Kanawha Capital Management LLC now owns 29,758 shares of the computer hardware maker’s stock valued at $3,614,000 after purchasing an additional 6,693 shares during the period. Finally, KG&L Capital Management LLC lifted its stake in shares of NVIDIA by 30.3% during the 3rd quarter. KG&L Capital Management LLC now owns 57,354 shares of the computer hardware maker’s stock valued at $6,965,000 after buying an additional 13,343 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA opened at $130.39 on Wednesday. The stock has a 50-day moving average of $139.79 and a two-hundred day moving average of $127.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market cap of $3.19 trillion, a P/E ratio of 51.33, a P/E/G ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a one year low of $47.32 and a one year high of $152.89.

NVIDIA (NASDAQ:NVDA) last issued its 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. As a group, research analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

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

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Melius Research raised their price target on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC upped their price target on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a report on Monday, November 18th. Wells Fargo & Company raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Loop Capital reiterated a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.15.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction dated Monday, November 25th. The shares were 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 owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,628,156 shares of company stock worth $197,995,077 over the last three months. Company insiders own 4.23% of the company’s stock.

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.