NVIDIA Co. (NASDAQ:NVDA) Stake Lifted by Orin Green Financial LLC

Orin Green Financial LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 50.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,340 shares of the computer hardware maker’s stock after buying an additional 2,130 shares during the quarter. Orin Green Financial LLC’s holdings in NVIDIA were worth $770,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. One Wealth Advisors LLC lifted its position in shares of NVIDIA by 1.3% in the 3rd quarter. One Wealth Advisors LLC now owns 17,228 shares of the computer hardware maker’s stock worth $2,092,000 after acquiring an additional 223 shares during the period. Naviter Wealth LLC grew its stake in shares of NVIDIA by 14.7% during the third quarter. Naviter Wealth LLC now owns 129,254 shares of the computer hardware maker’s stock worth $15,698,000 after purchasing an additional 16,520 shares during the period. Mezzasalma Advisors LLC lifted its holdings in NVIDIA by 0.9% during the third quarter. Mezzasalma Advisors LLC now owns 140,115 shares of the computer hardware maker’s stock worth $17,016,000 after acquiring an additional 1,194 shares in the last quarter. Hengehold Capital Management LLC lifted its holdings in shares of NVIDIA by 8.8% in the third quarter. Hengehold Capital Management LLC now owns 32,357 shares of the computer hardware maker’s stock valued at $3,929,000 after purchasing an additional 2,628 shares in the last quarter. Finally, Mayport LLC lifted its holdings in shares of NVIDIA by 1.6% in the third quarter. Mayport LLC now owns 18,540 shares of the computer hardware maker’s stock valued at $2,252,000 after purchasing an additional 300 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.6 %

Shares of NASDAQ NVDA opened at $146.71 on Friday. NVIDIA Co. has a 1 year low of $45.01 and a 1 year high of $152.89. The firm’s 50 day moving average price is $133.55 and its 200 day moving average price is $121.72. The firm has a market cap of $3.60 trillion, a P/E ratio of 68.81, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.68 earnings per share for the current 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 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 often a sign that the company’s board of directors believes its shares are undervalued.

NVIDIA Announces Dividend

The company also recently announced 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. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is 1.88%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the transaction, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This represents a 1.88 % 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 stock in a transaction on Monday, September 9th. The stock was sold at an average price of $105.33, for a total transaction of $12,639,600.00. Following the transaction, the chief executive officer now owns 75,895,836 shares in the company, valued at approximately $7,994,108,405.88. This trade represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,156,270 shares of company stock worth $254,784,327. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $90.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Susquehanna increased their price target on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Morgan Stanley increased their price target on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Needham & Company LLC upped their target price on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research note on Monday. Five research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.82.

About NVIDIA

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.