LRI Investments LLC Has $8.28 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

LRI Investments LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,210 shares of the computer hardware maker’s stock after selling 382 shares during the period. NVIDIA comprises about 0.7% of LRI Investments LLC’s holdings, making the stock its 23rd largest holding. LRI Investments LLC’s holdings in NVIDIA were worth $8,283,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd boosted its stake in shares of NVIDIA by 36.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 174,374 shares of the computer hardware maker’s stock valued at $21,176,000 after buying an additional 46,279 shares during the period. Drucker Wealth 3.0 LLC raised its holdings in shares of NVIDIA by 22.4% during the third quarter. Drucker Wealth 3.0 LLC now owns 20,424 shares of the computer hardware maker’s stock worth $2,480,000 after acquiring an additional 3,744 shares in the last quarter. Hamilton Capital LLC boosted its position in NVIDIA by 3.5% during the third quarter. Hamilton Capital LLC now owns 13,165 shares of the computer hardware maker’s stock valued at $1,748,000 after purchasing an additional 451 shares during the last quarter. SGL Investment Advisors Inc. purchased a new position in NVIDIA in the third quarter valued at about $623,000. Finally, EWA LLC increased its position in NVIDIA by 11.9% in the 3rd quarter. EWA LLC now owns 82,182 shares of the computer hardware maker’s stock worth $9,980,000 after purchasing an additional 8,739 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Redburn Atlantic initiated coverage on NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price objective on the stock. Robert W. Baird increased their price target on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Loop Capital reaffirmed a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Stifel Nicolaus increased their target price on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, UBS Group boosted their price target on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.63.

NVIDIA Price Performance

NVIDIA stock opened at $137.71 on Monday. NVIDIA Co. has a 52 week low of $56.11 and a 52 week high of $153.13. The firm has a market cap of $3.37 trillion, a P/E ratio of 54.20, a P/E/G ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business’s fifty day moving average is $138.99 and its two-hundred day moving average is $129.04.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 93.6% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Insiders own 4.23% of the company’s stock.

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.