BSW Wealth Partners Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

BSW Wealth Partners lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,042 shares of the computer hardware maker’s stock after purchasing an additional 3,938 shares during the quarter. NVIDIA accounts for approximately 1.3% of BSW Wealth Partners’ holdings, making the stock its 15th biggest position. BSW Wealth Partners’ holdings in NVIDIA were worth $8,506,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NVDA. Lantz Financial LLC increased its holdings in shares of NVIDIA by 833.1% in the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after purchasing an additional 36,774 shares in the last quarter. CX Institutional boosted its position in shares of NVIDIA by 936.9% during the second quarter. CX Institutional now owns 150,085 shares of the computer hardware maker’s stock valued at $18,542,000 after buying an additional 135,610 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in NVIDIA by 865.8% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 4,182 shares of the computer hardware maker’s stock worth $517,000 after buying an additional 3,749 shares in the last quarter. Bourgeon Capital Management LLC increased its holdings in NVIDIA by 1,018.4% in the 2nd quarter. Bourgeon Capital Management LLC now owns 36,795 shares of the computer hardware maker’s stock worth $4,546,000 after buying an additional 33,505 shares in the last quarter. Finally, WBH Advisory Inc. raised its position in NVIDIA by 887.1% in the 2nd quarter. WBH Advisory Inc. now owns 9,585 shares of the computer hardware maker’s stock worth $1,184,000 after buying an additional 8,614 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $116.59, for a total value of $7,773,055.30. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,628,156 shares of company stock valued at $197,995,077 in the last 90 days. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NVDA. Oppenheimer reiterated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Citigroup increased their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays boosted their target price on shares of NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of NVIDIA in a report on Monday, November 18th. Finally, Mizuho boosted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four 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 MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Performance

NVIDIA stock opened at $132.00 on Tuesday. 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 $3.23 trillion, a P/E ratio of 51.95, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 1-year low of $47.32 and a 1-year high of $152.89. The company’s 50-day moving average is $139.84 and its 200 day moving average is $126.92.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. Research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management 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 issued 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 payout ratio is presently 1.57%.

NVIDIA Company 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.