Measured Wealth Private Client Group LLC Has $4.26 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Measured Wealth Private Client Group LLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.3% during the 3rd quarter, Holdings Channel reports. The fund owned 35,072 shares of the computer hardware maker’s stock after selling 1,565 shares during the quarter. NVIDIA accounts for about 1.4% of Measured Wealth Private Client Group LLC’s investment portfolio, making the stock its 15th biggest holding. Measured Wealth Private Client Group LLC’s holdings in NVIDIA were worth $4,259,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. City State Bank grew its position in shares of NVIDIA by 926.1% in the 2nd quarter. City State Bank now owns 37,277 shares of the computer hardware maker’s stock valued at $4,605,000 after purchasing an additional 33,644 shares during the period. Boltwood Capital Management lifted its stake in NVIDIA by 883.6% in the second quarter. Boltwood Capital Management now owns 45,275 shares of the computer hardware maker’s stock valued at $5,593,000 after buying an additional 40,672 shares in the last quarter. RVW Wealth LLC boosted its holdings in shares of NVIDIA by 941.6% in the second quarter. RVW Wealth LLC now owns 44,081 shares of the computer hardware maker’s stock valued at $5,446,000 after buying an additional 39,849 shares during the period. Burns Matteson Capital Management LLC increased its position in shares of NVIDIA by 996.1% during the second quarter. Burns Matteson Capital Management LLC now owns 16,069 shares of the computer hardware maker’s stock worth $1,985,000 after acquiring an additional 14,603 shares in the last quarter. Finally, Great Waters Wealth Management lifted its position in NVIDIA by 921.4% in the 2nd quarter. Great Waters Wealth Management now owns 53,887 shares of the computer hardware maker’s stock valued at $6,657,000 after acquiring an additional 48,611 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. Wells Fargo & Company increased their target price on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Stifel Nicolaus lifted their target price on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Mizuho boosted their target price on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird raised their price target on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Susquehanna boosted 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. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.15.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.59, for a total value of $7,773,055.30. Following the sale, the chief financial officer now directly owns 4,954,214 shares in the company, valued at approximately $577,611,810.26. This trade represents a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now directly owns 492,409 shares in the company, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,556,986 shares of company stock worth $188,359,199 over the last three months. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 1.4 %

Shares of NASDAQ:NVDA opened at $137.34 on Friday. The business’s 50 day simple moving average is $139.28 and its 200 day simple moving average is $126.33. NVIDIA Co. has a 1 year low of $47.32 and a 1 year high of $152.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $3.36 trillion, a P/E ratio of 54.07, a P/E/G ratio of 2.58 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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 return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA announced that its board has authorized a stock buyback plan 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 plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.