NVIDIA Co. (NASDAQ:NVDA) Shares Bought by ERn Financial LLC

ERn Financial LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,664 shares of the computer hardware maker’s stock after acquiring an additional 1,075 shares during the quarter. ERn Financial LLC’s holdings in NVIDIA were worth $5,667,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NVDA. Lynch & Associates IN lifted its stake in shares of NVIDIA by 13.7% during the third quarter. Lynch & Associates IN now owns 7,324 shares of the computer hardware maker’s stock worth $889,000 after buying an additional 882 shares during the period. Brady Family Wealth LLC lifted its position in NVIDIA by 2.1% during the 3rd quarter. Brady Family Wealth LLC now owns 21,059 shares of the computer hardware maker’s stock worth $2,557,000 after acquiring an additional 436 shares during the period. Crane Advisory LLC grew its stake in NVIDIA by 2.8% during the 3rd quarter. Crane Advisory LLC now owns 5,115 shares of the computer hardware maker’s stock valued at $680,000 after purchasing an additional 138 shares during the last quarter. Petredis Investment Advisors LLC increased its holdings in shares of NVIDIA by 0.3% in the third quarter. Petredis Investment Advisors LLC now owns 426,638 shares of the computer hardware maker’s stock valued at $51,811,000 after purchasing an additional 1,106 shares during the period. Finally, Oxinas Partners Wealth Management LLC raised its stake in shares of NVIDIA by 46.2% in the third quarter. Oxinas Partners Wealth Management LLC now owns 11,270 shares of the computer hardware maker’s stock worth $1,369,000 after purchasing an additional 3,561 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 1.3 %

Shares of NVDA opened at $140.15 on Tuesday. The firm has a 50-day moving average price of $131.64 and a 200 day moving average price of $120.96. The firm has a market capitalization of $3.44 trillion, a P/E ratio of 65.74, a P/E/G ratio of 1.49 and a beta of 1.66. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. NVIDIA Co. has a 12-month low of $45.01 and a 12-month high of $149.77.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business’s revenue for the quarter was up 122.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. Sell-side analysts forecast that NVIDIA Co. will post 2.67 EPS for the current year.

NVIDIA declared that its board has approved a stock buyback program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.88%.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the sale, the chief executive officer now directly owns 76,494,995 shares in the company, valued at $9,105,199,254.85. This represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 155,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,156,270 shares of company stock valued at $254,784,327. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price target on shares of NVIDIA in a research report on Monday, August 5th. HSBC raised their target price on shares of NVIDIA from $145.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Oppenheimer upped their price target on shares of NVIDIA from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Citigroup lifted their price objective on NVIDIA from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Susquehanna upped their target price on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.40.

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.