Milestones Administradora de Recursos Ltda. Has $3.33 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Milestones Administradora de Recursos Ltda. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 55.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 27,434 shares of the computer hardware maker’s stock after purchasing an additional 9,750 shares during the period. NVIDIA comprises 1.3% of Milestones Administradora de Recursos Ltda.’s holdings, making the stock its 14th largest position. Milestones Administradora de Recursos Ltda.’s holdings in NVIDIA were worth $3,332,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Institutional & Family Asset Management LLC raised its stake in NVIDIA by 248.1% in the 2nd quarter. Institutional & Family Asset Management LLC now owns 7,178 shares of the computer hardware maker’s stock worth $887,000 after purchasing an additional 12,024 shares in the last quarter. HBW Advisory Services LLC increased its stake in NVIDIA by 999.6% during the 2nd quarter. HBW Advisory Services LLC now owns 27,313 shares of the computer hardware maker’s stock worth $3,374,000 after acquiring an additional 24,829 shares during the period. Stokes Family Office LLC raised its holdings in NVIDIA by 1,378.1% in the 2nd quarter. Stokes Family Office LLC now owns 23,901 shares of the computer hardware maker’s stock valued at $2,953,000 after acquiring an additional 22,284 shares in the last quarter. Collective Family Office LLC raised its stake in NVIDIA by 1,024.8% in the second quarter. Collective Family Office LLC now owns 15,590 shares of the computer hardware maker’s stock valued at $1,926,000 after purchasing an additional 14,204 shares in the last quarter. Finally, Heritage Wealth Partners LLC lifted its position in NVIDIA by 1,428.8% during the second quarter. Heritage Wealth Partners LLC now owns 34,322 shares of the computer hardware maker’s stock worth $4,240,000 after purchasing an additional 32,077 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NVDA shares. Phillip Securities reissued an “accumulate” rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Wedbush boosted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Citigroup raised their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Loop Capital reissued a “buy” rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Finally, Redburn Atlantic started coverage on NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Stock Up 3.1 %

NVDA opened at $139.31 on Thursday. 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 firm has a market capitalization of $3.41 trillion, a P/E ratio of 54.85, a PEG ratio of 2.58 and a beta of 1.63. NVIDIA Co. has a fifty-two week low of $46.05 and a fifty-two week high of $152.89. The company’s 50-day moving average is $138.87 and its 200 day moving average is $126.24.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. Research analysts expect that NVIDIA Co. will post 2.76 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA announced that its board has approved a share repurchase program on Wednesday, August 28th that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the transaction, the insider now owns 492,409 shares in the company, valued at $57,370,572.59. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,556,986 shares of company stock valued at $188,359,199. 4.23% of the stock is currently owned by corporate insiders.

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.