Axecap Investments LLC Invests $4.43 Million in NVIDIA Co. (NASDAQ:NVDA)

Axecap Investments LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 36,486 shares of the computer hardware maker’s stock, valued at approximately $4,431,000. NVIDIA makes up 3.4% of Axecap Investments LLC’s portfolio, making the stock its largest holding.

Other institutional investors have also bought and sold shares of the company. McAdam LLC lifted its holdings in NVIDIA by 5.6% during the 3rd quarter. McAdam LLC now owns 89,383 shares of the computer hardware maker’s stock valued at $10,855,000 after purchasing an additional 4,769 shares during the last quarter. MFA Wealth Advisors LLC increased its holdings in shares of NVIDIA by 232.8% during the third quarter. MFA Wealth Advisors LLC now owns 30,209 shares of the computer hardware maker’s stock worth $3,669,000 after buying an additional 21,133 shares in the last quarter. Wallington Asset Management LLC raised its stake in shares of NVIDIA by 63.3% in the third quarter. Wallington Asset Management LLC now owns 25,839 shares of the computer hardware maker’s stock valued at $3,138,000 after acquiring an additional 10,019 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in shares of NVIDIA by 0.8% in the 3rd quarter. Eagle Bay Advisors LLC now owns 13,127 shares of the computer hardware maker’s stock worth $1,594,000 after acquiring an additional 109 shares in the last quarter. Finally, Foundry Financial Group Inc. grew its position in NVIDIA by 5.9% during the 3rd quarter. Foundry Financial Group Inc. now owns 4,291 shares of the computer hardware maker’s stock worth $521,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 2.2 %

Shares of NVDA stock opened at $138.25 on Monday. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89. The business’s fifty day moving average is $136.05 and its 200 day moving average is $124.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $3.39 trillion, a PE ratio of 54.43, a price-to-earnings-growth ratio of 2.50 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. On average, equities research analysts anticipate that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

NVIDIA declared that its board has authorized a share repurchase program on Wednesday, August 28th that allows the company to repurchase $50.00 billion in shares. This repurchase authorization allows the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, Director John Dabiri sold 716 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were 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 approximately $577,611,810.26. This represents a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,036,986 shares of company stock valued at $240,602,399 over the last ninety days. 4.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NVDA. Robert W. Baird lifted their price target on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. William Blair assumed coverage on shares of NVIDIA in a research note on Wednesday, September 18th. They issued an “outperform” rating for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Finally, Raymond James upped their price objective on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.15.

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.