Discipline Wealth Solutions LLC Acquires New Holdings in NVIDIA Co. (NASDAQ:NVDA)

Discipline Wealth Solutions LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,523 shares of the computer hardware maker’s stock, valued at approximately $792,000.

Several other institutional investors also recently bought and sold shares of the business. M&T Bank Corp boosted its stake in NVIDIA by 5.1% in the third quarter. M&T Bank Corp now owns 3,858,775 shares of the computer hardware maker’s stock valued at $468,609,000 after acquiring an additional 186,652 shares in the last quarter. Unigestion Holding SA boosted its stake in NVIDIA by 928.9% in the third quarter. Unigestion Holding SA now owns 67,400 shares of the computer hardware maker’s stock valued at $8,185,000 after acquiring an additional 60,849 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in NVIDIA by 4.9% in the third quarter. Rehmann Capital Advisory Group now owns 119,564 shares of the computer hardware maker’s stock valued at $14,537,000 after acquiring an additional 5,568 shares in the last quarter. Main Line Retirement Advisors LLC boosted its stake in NVIDIA by 17.9% in the third quarter. Main Line Retirement Advisors LLC now owns 5,341 shares of the computer hardware maker’s stock valued at $649,000 after acquiring an additional 810 shares in the last quarter. Finally, Hobbs Group Advisors LLC lifted its stake in shares of NVIDIA by 8.9% during the third quarter. Hobbs Group Advisors LLC now owns 11,034 shares of the computer hardware maker’s stock worth $1,340,000 after buying an additional 902 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 2.3 %

NVDA stock opened at $140.83 on Wednesday. The company has a market cap of $3.45 trillion, a P/E ratio of 55.42, a P/E/G ratio of 2.48 and a beta of 1.64. NVIDIA Co. has a 52 week low of $58.58 and a 52 week high of $153.13. The company’s 50-day moving average price is $138.84 and its 200 day moving average price is $129.11. 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 announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during 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 quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, research analysts expect 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 was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is currently 1.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Robert W. Baird lifted their price objective 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. Evercore ISI lifted their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Benchmark reiterated a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research note on Tuesday, January 7th. Citigroup lifted their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group boosted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four equities 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 stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

Insiders Place Their Bets

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s 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 completion of the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders 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.