Nordwand Advisors LLC Has $194,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Nordwand Advisors LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 14.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,600 shares of the computer hardware maker’s stock after purchasing an additional 200 shares during the period. NVIDIA comprises about 0.1% of Nordwand Advisors LLC’s holdings, making the stock its 25th largest holding. Nordwand Advisors LLC’s holdings in NVIDIA were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of NVDA. Assetmark Inc. boosted its position in NVIDIA by 9.5% during the 3rd quarter. Assetmark Inc. now owns 4,895,147 shares of the computer hardware maker’s stock worth $594,467,000 after buying an additional 424,680 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of NVIDIA by 8.2% during the third quarter. Verdence Capital Advisors LLC now owns 75,753 shares of the computer hardware maker’s stock valued at $9,199,000 after acquiring an additional 5,747 shares during the last quarter. Rockbridge Investment Management LCC lifted its holdings in shares of NVIDIA by 5.8% during the third quarter. Rockbridge Investment Management LCC now owns 5,207 shares of the computer hardware maker’s stock worth $632,000 after purchasing an additional 284 shares during the period. Beta Wealth Group Inc. grew its stake in shares of NVIDIA by 88.4% in the third quarter. Beta Wealth Group Inc. now owns 21,461 shares of the computer hardware maker’s stock worth $2,606,000 after purchasing an additional 10,069 shares during the last quarter. Finally, Pegasus Partners Ltd. increased its holdings in NVIDIA by 16.9% in the third quarter. Pegasus Partners Ltd. now owns 28,748 shares of the computer hardware maker’s stock valued at $3,491,000 after purchasing an additional 4,147 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA opened at $140.22 on Wednesday. NVIDIA Co. has a 1 year low of $47.32 and a 1 year high of $152.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 2.43 and a beta of 1.63. The firm’s fifty day moving average price is $139.66 and its two-hundred day moving average price is $127.49.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NVDA shares. Truist Financial upped their price target on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Craig Hallum increased their target price on shares of NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Piper Sandler boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Raymond James increased their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Bank of America reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $164.15.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,391,886 shares of company stock valued at $181,666,050. 4.23% of the stock is owned by insiders.

NVIDIA 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.