NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,184 shares of the computer hardware maker’s stock after selling 686 shares during the period. Oxbow Advisors LLC’s holdings in NVIDIA were worth $1,723,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Lantz Financial LLC boosted its holdings in NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after purchasing an additional 36,774 shares during the period. WASHINGTON TRUST Co grew its position in shares of NVIDIA by 849.2% during the 2nd quarter. WASHINGTON TRUST Co now owns 728,910 shares of the computer hardware maker’s stock valued at $90,050,000 after buying an additional 652,119 shares during the last quarter. Wedmont Private Capital raised its stake in NVIDIA by 966.0% during the second quarter. Wedmont Private Capital now owns 338,214 shares of the computer hardware maker’s stock worth $43,711,000 after acquiring an additional 306,487 shares during the period. Roman Butler Fullerton & Co. lifted its holdings in NVIDIA by 949.5% in the second quarter. Roman Butler Fullerton & Co. now owns 128,128 shares of the computer hardware maker’s stock worth $17,286,000 after acquiring an additional 115,920 shares during the last quarter. Finally, JBR Co Financial Management Inc boosted its stake in NVIDIA by 919.5% in the second quarter. JBR Co Financial Management Inc now owns 194,354 shares of the computer hardware maker’s stock valued at $24,010,000 after acquiring an additional 175,291 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $140.22 on Wednesday. The firm has a market capitalization of $3.43 trillion, a P/E ratio of 55.18, a P/E/G ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The company has a fifty day moving average of $139.66 and a 200-day moving average of $127.49. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA announced that its board has authorized a share repurchase plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,391,886 shares of company stock worth $181,666,050 in the last quarter. 4.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NVDA has been the topic of several recent research reports. Benchmark raised their price target on NVIDIA from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Piper Sandler raised their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. William Blair initiated coverage on shares of NVIDIA in a report on Wednesday, September 18th. They set an “outperform” rating for the company. TD Cowen boosted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Raymond James raised their price target on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company 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.