NVIDIA Co. (NASDAQ:NVDA) Holdings Raised by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,770 shares of the computer hardware maker’s stock after purchasing an additional 272 shares during the quarter. Chemistry Wealth Management LLC’s holdings in NVIDIA were worth $1,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Boston Standard Wealth Management LLC raised its position in NVIDIA by 3,972.8% in the third quarter. Boston Standard Wealth Management LLC now owns 128,864 shares of the computer hardware maker’s stock worth $15,649,000 after acquiring an additional 125,700 shares in the last quarter. Smith Anglin Financial LLC raised its holdings in NVIDIA by 2.4% during the 3rd quarter. Smith Anglin Financial LLC now owns 70,964 shares of the computer hardware maker’s stock worth $8,618,000 after buying an additional 1,675 shares during the period. Diversified Trust Co raised its holdings in NVIDIA by 1.5% during the 3rd quarter. Diversified Trust Co now owns 633,263 shares of the computer hardware maker’s stock worth $76,903,000 after buying an additional 9,455 shares during the period. Cora Capital Advisors LLC raised its holdings in NVIDIA by 4.3% during the 3rd quarter. Cora Capital Advisors LLC now owns 10,975 shares of the computer hardware maker’s stock worth $1,333,000 after buying an additional 448 shares during the period. Finally, WealthBridge Capital Management LLC raised its holdings in NVIDIA by 19.4% during the 3rd quarter. WealthBridge Capital Management LLC now owns 53,266 shares of the computer hardware maker’s stock worth $6,469,000 after buying an additional 8,637 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NVDA. Wells Fargo & Company boosted their price objective on NVIDIA from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. JPMorgan Chase & Co. lifted their target price on NVIDIA from $115.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 target price on shares of NVIDIA in a research note on Tuesday, October 8th. Finally, Craig Hallum lifted their target price on NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.07.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value of $119,270,000.00. Following the sale, the director now owns 5,852,480 shares in the company, valued at approximately $698,025,289.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the sale, the director now owns 5,852,480 shares in the company, valued at $698,025,289.60. This represents a 0.00 % 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 Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,276,270 shares of company stock worth $267,363,927. Insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $145.61 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. NVIDIA Co. has a 52 week low of $45.01 and a 52 week high of $146.49. The stock has a market capitalization of $3.57 trillion, a P/E ratio of 68.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.66. The stock has a fifty day moving average of $126.08 and a 200-day moving average of $117.25.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. NVIDIA’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, sell-side analysts expect that NVIDIA Co. will post 2.66 earnings per share for the current fiscal year.

NVIDIA Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.01 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.88%.

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

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.