NVIDIA Co. (NASDAQ:NVDA) Holdings Lifted by Total Wealth Planning LLC

Total Wealth Planning LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,275 shares of the computer hardware maker’s stock after purchasing an additional 78 shares during the quarter. Total Wealth Planning LLC’s holdings in NVIDIA were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Perfromance Wealth Partners LLC increased its holdings in shares of NVIDIA by 2.7% during the third quarter. Perfromance Wealth Partners LLC now owns 1,306,313 shares of the computer hardware maker’s stock valued at $158,638,000 after purchasing an additional 33,953 shares during the period. Next Level Private LLC increased its stake in NVIDIA by 15.8% during the 3rd quarter. Next Level Private LLC now owns 3,365 shares of the computer hardware maker’s stock valued at $409,000 after buying an additional 460 shares during the period. Meyer Handelman Co. raised its position in shares of NVIDIA by 2.1% during the 3rd quarter. Meyer Handelman Co. now owns 134,560 shares of the computer hardware maker’s stock worth $16,341,000 after buying an additional 2,740 shares in the last quarter. Bennett Selby Investments LP lifted its stake in shares of NVIDIA by 14.3% in the 3rd quarter. Bennett Selby Investments LP now owns 19,528 shares of the computer hardware maker’s stock worth $2,371,000 after acquiring an additional 2,437 shares during the period. Finally, Lloyd Advisory Services LLC. boosted its holdings in shares of NVIDIA by 11.6% in the third quarter. Lloyd Advisory Services LLC. now owns 13,461 shares of the computer hardware maker’s stock valued at $1,635,000 after acquiring an additional 1,397 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the sale, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.03, for a total value of $14,283,600.00. Following the completion of the transaction, the chief executive officer now directly owns 76,494,995 shares in the company, valued at $9,105,199,254.85. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,156,270 shares of company stock worth $254,784,327 in the last 90 days. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Oppenheimer boosted their target price on NVIDIA from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday. Craig Hallum boosted their price objective on NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Loop Capital reaffirmed a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research note on Monday, August 26th. Piper Sandler boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Raymond James upped their price target on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $152.40.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $146.76 on Friday. The business has a fifty day simple moving average of $129.39 and a 200 day simple moving average of $119.51. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. NVIDIA Co. has a 1 year low of $45.01 and a 1 year high of $149.77. The firm has a market cap of $3.60 trillion, a price-to-earnings ratio of 68.84, a P/E/G ratio of 1.56 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same period in the previous year, the company earned $0.25 EPS. The firm’s revenue was up 122.4% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Co. will post 2.66 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has approved 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 stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s dividend payout ratio is 1.88%.

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.