Heritage Investment Group Inc. Acquires 1,913 Shares of NVIDIA Co. (NASDAQ:NVDA)

Heritage Investment Group Inc. lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,043 shares of the computer hardware maker’s stock after purchasing an additional 1,913 shares during the period. Heritage Investment Group Inc.’s holdings in NVIDIA were worth $1,220,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. RIA Advisory Group LLC acquired a new position in NVIDIA in the third quarter valued at approximately $2,435,000. Paragon Advisors LLC increased its stake in shares of NVIDIA by 1.3% in the 3rd quarter. Paragon Advisors LLC now owns 80,435 shares of the computer hardware maker’s stock valued at $9,768,000 after acquiring an additional 1,064 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of NVIDIA by 0.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,305,809 shares of the computer hardware maker’s stock valued at $1,858,738,000 after acquiring an additional 135,847 shares during the period. TSA Wealth Managment LLC boosted its stake in NVIDIA by 34.3% during the third quarter. TSA Wealth Managment LLC now owns 6,409 shares of the computer hardware maker’s stock worth $778,000 after acquiring an additional 1,638 shares in the last quarter. Finally, Meridian Investment Counsel Inc. grew its holdings in NVIDIA by 0.9% in the third quarter. Meridian Investment Counsel Inc. now owns 17,615 shares of the computer hardware maker’s stock worth $2,139,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NVDA shares. DA Davidson upped their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Loop Capital reissued a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Morgan Stanley upped their target price on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. TD Cowen lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Redburn Atlantic started coverage on shares of NVIDIA in a report on Tuesday, November 12th. They set a “buy” rating and a $178.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Trading Down 2.3 %

Shares of NVIDIA stock opened at $134.29 on Thursday. The company’s 50-day moving average price is $139.55 and its 200-day moving average price is $128.09. The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.85, 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 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 released 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period in the previous year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. On average, equities analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred 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 sale, the director now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 1,226,886 shares of company stock worth $161,499,400 over the last 90 days. Corporate 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.