Keynote Financial Services LLC Buys 1,469 Shares of NVIDIA Co. (NASDAQ:NVDA)

Keynote Financial Services LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 37.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,409 shares of the computer hardware maker’s stock after purchasing an additional 1,469 shares during the period. Keynote Financial Services LLC’s holdings in NVIDIA were worth $657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lantz Financial LLC lifted its stake in shares of NVIDIA by 833.1% during the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after buying an additional 36,774 shares in the last quarter. Vigilare Wealth Management lifted its position in shares of NVIDIA by 924.1% in the second quarter. Vigilare Wealth Management now owns 11,705 shares of the computer hardware maker’s stock valued at $1,446,000 after acquiring an additional 10,562 shares in the last quarter. Bridge Creek Capital Management LLC boosted its stake in shares of NVIDIA by 821.9% in the second quarter. Bridge Creek Capital Management LLC now owns 30,680 shares of the computer hardware maker’s stock worth $3,790,000 after acquiring an additional 27,352 shares during the period. Delta Financial Group Inc. boosted its stake in shares of NVIDIA by 954.6% in the second quarter. Delta Financial Group Inc. now owns 40,043 shares of the computer hardware maker’s stock worth $4,947,000 after acquiring an additional 36,246 shares during the period. Finally, PFG Private Wealth Management LLC grew its position in shares of NVIDIA by 872.4% during the second quarter. PFG Private Wealth Management LLC now owns 8,421 shares of the computer hardware maker’s stock worth $1,040,000 after purchasing an additional 7,555 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 3.1 %

NASDAQ NVDA opened at $134.70 on Monday. The stock has a market cap of $3.30 trillion, a PE ratio of 53.01, a PEG ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 12 month low of $47.32 and a 12 month high of $152.89. The company’s 50-day moving average price is $139.63 and its 200-day moving average price is $127.32. 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 (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 business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a 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%.

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

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research analyst reports. TD Cowen boosted their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Piper Sandler boosted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Raymond James increased their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. 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’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $164.15.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 165,100 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $121.27, for a total transaction of $20,021,677.00. Following the completion of the sale, the director now directly owns 8,420,117 shares of the company’s stock, valued at $1,021,107,588.59. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,556,986 shares of company stock worth $201,687,727. 4.23% of the stock is currently owned by company insiders.

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.