NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by LifeSteps Financial Inc.

LifeSteps Financial Inc. grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.2% during the third quarter, Holdings Channel.com reports. The firm owned 53,330 shares of the computer hardware maker’s stock after acquiring an additional 2,627 shares during the quarter. NVIDIA accounts for about 5.1% of LifeSteps Financial Inc.’s portfolio, making the stock its 4th biggest position. LifeSteps Financial Inc.’s holdings in NVIDIA were worth $6,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC grew its position in NVIDIA by 10.7% in the third quarter. Global Retirement Partners LLC now owns 500,475 shares of the computer hardware maker’s stock valued at $60,778,000 after purchasing an additional 48,269 shares in the last quarter. Melfa Wealth Management Inc. grew its holdings in shares of NVIDIA by 1.6% in the 3rd quarter. Melfa Wealth Management Inc. now owns 13,435 shares of the computer hardware maker’s stock valued at $1,632,000 after acquiring an additional 215 shares in the last quarter. Quad Cities Investment Group LLC increased its position in shares of NVIDIA by 5.5% in the third quarter. Quad Cities Investment Group LLC now owns 22,989 shares of the computer hardware maker’s stock valued at $2,792,000 after acquiring an additional 1,193 shares during the last quarter. Financial Advisors LLC raised its holdings in NVIDIA by 3.6% during the third quarter. Financial Advisors LLC now owns 2,792 shares of the computer hardware maker’s stock worth $339,000 after acquiring an additional 98 shares in the last quarter. Finally, Orin Green Financial LLC boosted its position in NVIDIA by 50.6% during the third quarter. Orin Green Financial LLC now owns 6,340 shares of the computer hardware maker’s stock valued at $770,000 after purchasing an additional 2,130 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the transaction, the insider now owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $110.76, for a total value of $13,291,200.00. Following the completion of the transaction, the chief executive officer now directly owns 76,375,705 shares in the company, valued at approximately $8,459,373,085.80. This represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,156,270 shares of company stock worth $254,784,327. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NVDA shares. Melius Research upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC raised their target price on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. Barclays lifted their price target on NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday. Finally, Evercore ISI boosted their target price on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.82.

NVIDIA Stock Up 0.6 %

NVIDIA stock opened at $146.71 on Friday. 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 company has a market capitalization of $3.60 trillion, a PE ratio of 68.81, a PEG ratio of 1.54 and a beta of 1.66. The firm’s fifty day moving average is $133.55 and its 200 day moving average is $121.72. NVIDIA Co. has a 12-month low of $45.01 and a 12-month high of $152.89.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results 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. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. As a group, sell-side analysts predict that NVIDIA Co. will post 2.68 EPS for the current fiscal year.

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

NVIDIA Announces Dividend

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