NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Raised by Greenleaf Trust

Greenleaf Trust raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 851,498 shares of the computer hardware maker’s stock after buying an additional 818 shares during the quarter. NVIDIA comprises approximately 0.9% of Greenleaf Trust’s portfolio, making the stock its 8th biggest position. Greenleaf Trust’s holdings in NVIDIA were worth $103,406,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI boosted its stake in NVIDIA by 24.2% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,748,147 shares of the computer hardware maker’s stock worth $212,295,000 after acquiring an additional 340,354 shares in the last quarter. Meadow Creek Wealth Advisors LLC boosted its position in shares of NVIDIA by 1.8% in the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 43,752 shares of the computer hardware maker’s stock worth $5,313,000 after purchasing an additional 778 shares in the last quarter. Chris Bulman Inc grew its stake in shares of NVIDIA by 6.0% in the 3rd quarter. Chris Bulman Inc now owns 10,327 shares of the computer hardware maker’s stock worth $1,254,000 after buying an additional 588 shares during the last quarter. Plan Group Financial LLC increased its position in NVIDIA by 10.9% during the 3rd quarter. Plan Group Financial LLC now owns 2,377 shares of the computer hardware maker’s stock valued at $289,000 after buying an additional 234 shares in the last quarter. Finally, Elevated Capital Advisors LLC raised its stake in NVIDIA by 87.1% during the third quarter. Elevated Capital Advisors LLC now owns 17,764 shares of the computer hardware maker’s stock valued at $2,157,000 after buying an additional 8,269 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NVDA. JPMorgan Chase & Co. increased their target price on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Redburn Atlantic assumed coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They set a “buy” rating and a $178.00 price objective on the stock. Truist Financial lifted their target price on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wedbush increased their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Bank of America restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.15.

NVIDIA Trading Up 2.2 %

NVIDIA stock opened at $138.25 on Monday. NVIDIA Co. has a 12-month low of $45.01 and a 12-month high of $152.89. The firm has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 54.43, a P/E/G ratio of 2.50 and a beta of 1.66. The firm has a 50 day moving average of $136.05 and a 200 day moving average of $124.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 2.76 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be given a $0.01 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

NVIDIA declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 28th that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $116.51, for a total value of $524,295.00. Following the transaction, the insider now owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the transaction, the director now directly owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. The trade was a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,036,986 shares of company stock valued at $240,602,399 over the last 90 days. Company insiders own 4.23% of the company’s stock.

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.