Wynn Capital LLC Sells 300 Shares of NVIDIA Co. (NASDAQ:NVDA)

Wynn Capital LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 13.8% in the 3rd quarter, Holdings Channel reports. The firm owned 1,880 shares of the computer hardware maker’s stock after selling 300 shares during the quarter. Wynn Capital LLC’s holdings in NVIDIA were worth $228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of NVIDIA by 44.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,021,599 shares of the computer hardware maker’s stock valued at $124,069,000 after acquiring an additional 314,679 shares in the last quarter. LongView Wealth Management raised its holdings in shares of NVIDIA by 11.0% in the third quarter. LongView Wealth Management now owns 21,066 shares of the computer hardware maker’s stock valued at $2,558,000 after acquiring an additional 2,082 shares in the last quarter. Juncture Wealth Strategies LLC raised its holdings in shares of NVIDIA by 4.5% in the third quarter. Juncture Wealth Strategies LLC now owns 10,070 shares of the computer hardware maker’s stock valued at $1,223,000 after acquiring an additional 435 shares in the last quarter. Iowa State Bank raised its holdings in shares of NVIDIA by 16.8% in the third quarter. Iowa State Bank now owns 87,256 shares of the computer hardware maker’s stock valued at $10,596,000 after acquiring an additional 12,580 shares in the last quarter. Finally, Pacific Sun Financial Corp raised its holdings in shares of NVIDIA by 20.6% in the third quarter. Pacific Sun Financial Corp now owns 9,339 shares of the computer hardware maker’s stock valued at $1,134,000 after acquiring an additional 1,596 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the transaction, the director now owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the transaction, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,156,270 shares of company stock worth $254,784,327. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Down 1.4 %

Shares of NASDAQ:NVDA opened at $146.27 on Thursday. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $128.59 and a two-hundred day moving average of $119.33. The stock has a market cap of $3.59 trillion, a P/E ratio of 68.61, a PEG ratio of 1.56 and a beta of 1.66. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $149.77.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $30.04 billion during the quarter, compared to analysts’ expectations of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company’s revenue was up 122.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. On average, research analysts expect that NVIDIA Co. will post 2.66 earnings per share for the current year.

NVIDIA declared that its board has initiated a stock buyback program on Wednesday, August 28th that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

NVIDIA Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVDA. Loop Capital restated a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 price objective on shares of NVIDIA in a report on Monday, August 5th. New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Tuesday, August 6th. Redburn Atlantic started coverage on NVIDIA in a research note on Tuesday. They issued a “buy” rating and a $178.00 target price on the stock. Finally, Truist Financial lifted their target price on NVIDIA from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.48.

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.