NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Presidio Capital Management LLC

Presidio Capital Management LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 24.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,999 shares of the computer hardware maker’s stock after acquiring an additional 3,146 shares during the quarter. NVIDIA makes up 1.2% of Presidio Capital Management LLC’s holdings, making the stock its 12th largest holding. Presidio Capital Management LLC’s holdings in NVIDIA were worth $1,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lantz Financial LLC boosted its position in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares during the last quarter. Vigilare Wealth Management lifted its holdings in shares of NVIDIA by 924.1% during the 2nd quarter. Vigilare Wealth Management now owns 11,705 shares of the computer hardware maker’s stock valued at $1,446,000 after buying an additional 10,562 shares during the last quarter. Bridge Creek Capital Management LLC grew its stake in shares of NVIDIA by 821.9% in the 2nd quarter. Bridge Creek Capital Management LLC now owns 30,680 shares of the computer hardware maker’s stock valued at $3,790,000 after buying an additional 27,352 shares in the last quarter. Delta Financial Group Inc. increased its holdings in NVIDIA by 954.6% in the second quarter. Delta Financial Group Inc. now owns 40,043 shares of the computer hardware maker’s stock worth $4,947,000 after buying an additional 36,246 shares during the last quarter. Finally, PFG Private Wealth Management LLC raised its position in NVIDIA by 872.4% during the second quarter. PFG Private Wealth Management LLC now owns 8,421 shares of the computer hardware maker’s stock valued at $1,040,000 after acquiring an additional 7,555 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 165,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $121.27, for a total value of $20,021,677.00. Following the completion of the sale, the director now directly owns 8,420,117 shares of the company’s stock, valued at $1,021,107,588.59. This represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,556,986 shares of company stock worth $201,687,727. Company insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Barclays increased their price objective on NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Westpark Capital increased their target price on shares of NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Craig Hallum boosted their price target on NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. TD Cowen raised their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Citigroup boosted their price objective on NVIDIA from $170.00 to $175.00 and gave the company a “buy” 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Stock Up 3.1 %

Shares of NVDA stock opened at $134.70 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. NVIDIA Co. has a fifty-two week low of $47.32 and a fifty-two week high of $152.89. The firm has a market capitalization of $3.30 trillion, a PE ratio of 53.01, a P/E/G ratio of 2.43 and a beta of 1.63. The stock’s 50-day simple moving average is $139.63 and its 200-day simple moving average is $127.32.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. Equities analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA announced that its board has authorized a stock repurchase plan on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be given a $0.01 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend 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.