Baker Tilly Wealth Management LLC Purchases 5,681 Shares of NVIDIA Co. (NASDAQ:NVDA)

Baker Tilly Wealth Management LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,506 shares of the computer hardware maker’s stock after purchasing an additional 5,681 shares during the period. NVIDIA comprises approximately 3.1% of Baker Tilly Wealth Management LLC’s portfolio, making the stock its 4th largest position. Baker Tilly Wealth Management LLC’s holdings in NVIDIA were worth $7,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Family Investment Center Inc. increased its stake in NVIDIA by 59.3% in the third quarter. Family Investment Center Inc. now owns 4,576 shares of the computer hardware maker’s stock valued at $556,000 after purchasing an additional 1,703 shares during the last quarter. FCG Investment Co boosted its holdings in shares of NVIDIA by 20.1% in the 3rd quarter. FCG Investment Co now owns 65,297 shares of the computer hardware maker’s stock valued at $7,930,000 after buying an additional 10,941 shares in the last quarter. FSA Advisors Inc. boosted its holdings in shares of NVIDIA by 187.6% in the 3rd quarter. FSA Advisors Inc. now owns 5,517 shares of the computer hardware maker’s stock valued at $677,000 after buying an additional 3,599 shares in the last quarter. Hibernia Wealth Partners LLC grew its position in shares of NVIDIA by 31.5% in the 3rd quarter. Hibernia Wealth Partners LLC now owns 12,801 shares of the computer hardware maker’s stock valued at $1,555,000 after buying an additional 3,070 shares during the last quarter. Finally, Kercheville Advisors LLC raised its stake in NVIDIA by 4.0% during the 3rd quarter. Kercheville Advisors LLC now owns 100,231 shares of the computer hardware maker’s stock worth $12,172,000 after acquiring an additional 3,895 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 716 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were 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 $577,611,810.26. This represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,676,986 shares of company stock worth $201,778,799. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $142.44 on Monday. 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 company has a market capitalization of $3.49 trillion, a PE ratio of 56.06, a price-to-earnings-growth ratio of 2.62 and a beta of 1.63. The stock has a fifty day moving average of $138.16 and a 200-day moving average of $125.79. NVIDIA Co. has a one year low of $45.60 and a one year high of $152.89.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for 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 company’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. As a group, equities analysts anticipate that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has initiated a share repurchase 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 reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore ISI raised their price objective on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Barclays raised their price target on NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Monday, November 18th. Westpark Capital raised their target price on shares of NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Robert W. Baird upped their price target on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

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.