NVIDIA Co. (NASDAQ:NVDA) Holdings Lessened by Winch Advisory Services LLC

Winch Advisory Services LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.2% in the third quarter, Holdings Channel reports. The fund owned 228,624 shares of the computer hardware maker’s stock after selling 7,443 shares during the quarter. NVIDIA makes up 7.7% of Winch Advisory Services LLC’s holdings, making the stock its 3rd biggest holding. Winch Advisory Services LLC’s holdings in NVIDIA were worth $27,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Precision Wealth Strategies LLC raised its position in NVIDIA by 87.4% during the third quarter. Precision Wealth Strategies LLC now owns 50,316 shares of the computer hardware maker’s stock valued at $6,110,000 after purchasing an additional 23,460 shares during the period. Waterway Wealth Management LLC increased its position in shares of NVIDIA by 1.9% during the 3rd quarter. Waterway Wealth Management LLC now owns 29,908 shares of the computer hardware maker’s stock valued at $3,632,000 after purchasing an additional 567 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in NVIDIA by 6.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 32,936 shares of the computer hardware maker’s stock valued at $4,000,000 after buying an additional 1,967 shares during the period. Horst & Graben Wealth Management LLC lifted its position in NVIDIA by 1.5% in the third quarter. Horst & Graben Wealth Management LLC now owns 34,969 shares of the computer hardware maker’s stock worth $4,247,000 after buying an additional 502 shares during the last quarter. Finally, Integrity Wealth Solutions LLC boosted its stake in NVIDIA by 54.0% during the third quarter. Integrity Wealth Solutions LLC now owns 33,015 shares of the computer hardware maker’s stock worth $4,010,000 after buying an additional 11,583 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $107.44, for a total value of $12,892,800.00. Following the completion of the transaction, the chief executive officer now owns 76,135,836 shares of the company’s stock, valued at approximately $8,180,034,219.84. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the sale, the chief financial officer now owns 4,954,214 shares of the company’s stock, valued at $577,611,810.26. The trade was a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,036,986 shares of company stock valued at $240,602,399. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 1.2 %

Shares of NVIDIA stock opened at $135.34 on Friday. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89. The firm’s 50 day moving average price is $135.61 and its 200-day moving average price is $123.34. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.31 trillion, a P/E ratio of 53.28, a PEG ratio of 2.46 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period in the previous year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVDA. Morgan Stanley increased their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Susquehanna increased their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Redburn Atlantic began coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price objective for the company. JPMorgan Chase & Co. upped their target price on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, New Street Research raised NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

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.