Omnia Family Wealth LLC Has $2.83 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Omnia Family Wealth LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,269 shares of the computer hardware maker’s stock after acquiring an additional 3,164 shares during the quarter. NVIDIA comprises approximately 1.2% of Omnia Family Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. Omnia Family Wealth LLC’s holdings in NVIDIA were worth $2,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Palo Alto Wealth Advisors LLC grew its position in shares of NVIDIA by 46.8% during the 3rd quarter. Palo Alto Wealth Advisors LLC now owns 20,102 shares of the computer hardware maker’s stock worth $2,441,000 after buying an additional 6,410 shares during the period. Lifeworks Advisors LLC grew its position in shares of NVIDIA by 127.7% during the 3rd quarter. Lifeworks Advisors LLC now owns 25,211 shares of the computer hardware maker’s stock worth $3,062,000 after buying an additional 14,137 shares during the period. MeadowBrook Investment Advisors LLC grew its holdings in NVIDIA by 1.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 31,150 shares of the computer hardware maker’s stock valued at $3,783,000 after purchasing an additional 360 shares during the period. Intelligence Driven Advisers LLC grew its holdings in NVIDIA by 36.5% during the third quarter. Intelligence Driven Advisers LLC now owns 15,164 shares of the computer hardware maker’s stock valued at $1,842,000 after purchasing an additional 4,056 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of NVIDIA by 0.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,124,343 shares of the computer hardware maker’s stock valued at $136,540,000 after buying an additional 9,310 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVDA. Morgan Stanley increased their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. DA Davidson raised their price target on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Monday, November 18th. William Blair started coverage on shares of NVIDIA in a research note on Wednesday, September 18th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC upped their price target on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.15.

NVIDIA Stock Up 0.4 %

NVIDIA stock opened at $137.49 on Tuesday. The firm has a 50 day moving average price of $139.84 and a 200-day moving average price of $128.03. The company has a market capitalization of $3.37 trillion, a P/E ratio of 54.11, 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 quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA 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 sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,351,886 shares of company stock worth $176,825,650. 4.23% of the stock is currently owned by corporate 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.