NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Rather & Kittrell Inc.

Rather & Kittrell Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,884 shares of the computer hardware maker’s stock after purchasing an additional 107 shares during the period. Rather & Kittrell Inc.’s holdings in NVIDIA were worth $836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 5th Street Advisors LLC grew its stake in NVIDIA by 10.8% in the 3rd quarter. 5th Street Advisors LLC now owns 3,080 shares of the computer hardware maker’s stock valued at $374,000 after acquiring an additional 300 shares during the period. Klingman & Associates LLC increased its stake in NVIDIA by 21.3% during the 3rd quarter. Klingman & Associates LLC now owns 30,060 shares of the computer hardware maker’s stock worth $3,650,000 after buying an additional 5,269 shares in the last quarter. Wealth Quarterback LLC raised its holdings in shares of NVIDIA by 4.2% during the third quarter. Wealth Quarterback LLC now owns 19,236 shares of the computer hardware maker’s stock valued at $2,336,000 after acquiring an additional 778 shares during the last quarter. Thomas Story & Son LLC lifted its position in shares of NVIDIA by 5.5% in the third quarter. Thomas Story & Son LLC now owns 4,800 shares of the computer hardware maker’s stock valued at $583,000 after acquiring an additional 250 shares in the last quarter. Finally, Nordwand Advisors LLC boosted its stake in shares of NVIDIA by 14.3% in the third quarter. Nordwand Advisors LLC now owns 1,600 shares of the computer hardware maker’s stock worth $194,000 after acquiring an additional 200 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction 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 transaction, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,391,886 shares of company stock valued at $181,666,050. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $140.22 on Wednesday. The firm has a market capitalization of $3.43 trillion, a PE ratio of 55.18, a P/E/G ratio of 2.43 and a beta of 1.63. The stock’s 50 day moving average is $139.66 and its two-hundred day moving average is $127.49. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. Research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA declared that its Board of Directors has authorized a share buyback program on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

NVIDIA Dividend Announcement

The business 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 $0.01 dividend. This represents a $0.04 annualized dividend 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 1.57%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NVDA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Monday, November 18th. Citigroup boosted their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald reissued an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Stifel Nicolaus upped their price objective on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC boosted their target price on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.15.

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.