NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 194,241 shares of the computer hardware maker’s stock after buying an additional 1,731 shares during the quarter. NVIDIA makes up 1.3% of Osborne Partners Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Osborne Partners Capital Management LLC’s holdings in NVIDIA were worth $23,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its position in shares of NVIDIA by 52.2% during the first quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock worth $34,597,000 after acquiring an additional 13,135 shares during the period. Silvercrest Asset Management Group LLC grew its position in shares of NVIDIA by 4.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 25,275 shares of the computer hardware maker’s stock worth $22,837,000 after buying an additional 1,104 shares in the last quarter. Waverly Advisors LLC grew its holdings in NVIDIA by 48.0% during the 1st quarter. Waverly Advisors LLC now owns 18,816 shares of the computer hardware maker’s stock worth $17,001,000 after acquiring an additional 6,102 shares in the last quarter. Benchmark Investment Advisors LLC increased its position in shares of NVIDIA by 350.8% in the 1st quarter. Benchmark Investment Advisors LLC now owns 26,559 shares of the computer hardware maker’s stock valued at $23,997,000 after purchasing an additional 20,668 shares during the last quarter. Finally, BTG Pactual Global Asset Management Ltd raised its holdings in shares of NVIDIA by 74.7% in the 1st quarter. BTG Pactual Global Asset Management Ltd now owns 10,621 shares of the computer hardware maker’s stock valued at $9,597,000 after purchasing an additional 4,541 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA 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 completion of the sale, the director now owns 5,852,480 shares in the company, valued at $698,025,289.60. The trade was a 14.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the transaction, the chief financial officer now owns 4,954,214 shares in the company, valued at approximately $577,611,810.26. The trade was a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,796,986 shares of company stock valued at $214,418,399 in the last ninety days. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 0.1 %

NVDA stock opened at $145.06 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company’s 50 day simple moving average is $137.74 and its 200-day simple moving average is $125.04. NVIDIA Co. has a 12 month low of $45.41 and a 12 month high of $152.89. The firm has a market capitalization of $3.55 trillion, a PE ratio of 57.11, a P/E/G ratio of 2.54 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last announced its 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. Equities analysts expect that NVIDIA Co. will post 2.76 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVDA. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. UBS Group raised their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Robert W. Baird upped their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Morgan Stanley lifted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

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.