NVIDIA Co. (NASDAQ:NVDA) Stake Raised by Capital Advisors Inc. OK

Capital Advisors Inc. OK grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,128,350 shares of the computer hardware maker’s stock after buying an additional 3,189 shares during the period. NVIDIA accounts for 2.7% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 4th biggest position. Capital Advisors Inc. OK’s holdings in NVIDIA were worth $137,027,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in NVDA. Gulf International Bank UK Ltd raised its holdings in NVIDIA by 875.8% in the 2nd quarter. Gulf International Bank UK Ltd now owns 2,141,420 shares of the computer hardware maker’s stock valued at $264,551,000 after acquiring an additional 1,921,964 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of NVIDIA by 817.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 23,222 shares of the computer hardware maker’s stock worth $2,977,000 after purchasing an additional 20,692 shares during the last quarter. Boit C F David grew its position in shares of NVIDIA by 900.0% in the second quarter. Boit C F David now owns 6,000 shares of the computer hardware maker’s stock valued at $741,000 after purchasing an additional 5,400 shares during the period. Triangle Securities Wealth Management increased its stake in NVIDIA by 846.9% in the second quarter. Triangle Securities Wealth Management now owns 18,560 shares of the computer hardware maker’s stock valued at $2,293,000 after purchasing an additional 16,600 shares during the last quarter. Finally, First Affirmative Financial Network lifted its position in NVIDIA by 940.4% during the second quarter. First Affirmative Financial Network now owns 44,967 shares of the computer hardware maker’s stock worth $5,555,000 after buying an additional 40,645 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total value of $524,295.00. Following the transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,628,156 shares of company stock valued at $197,995,077 over the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

NVDA opened at $134.25 on Friday. The company has a market capitalization of $3.29 trillion, a P/E ratio of 52.85, a PEG ratio of 2.52 and a beta of 1.63. The company has a 50-day moving average of $139.76 and a 200-day moving average of $126.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 1-year low of $47.32 and a 1-year high of $152.89.

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

NVIDIA declared that its Board of Directors has approved a share 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on NVDA. Raymond James lifted their price target on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. Susquehanna upped their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Mizuho lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Craig Hallum boosted their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Truist Financial lifted their target price on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.