NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,170 shares of the computer hardware maker’s stock after selling 4,100 shares during the period. NVIDIA makes up approximately 1.8% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 15th largest position. Sustainable Insight Capital Management LLC’s holdings in NVIDIA were worth $4,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSG Advisors LLC boosted its position in NVIDIA by 6.7% during the third quarter. GSG Advisors LLC now owns 41,013 shares of the computer hardware maker’s stock worth $4,799,000 after purchasing an additional 2,593 shares in the last quarter. First Personal Financial Services acquired a new position in shares of NVIDIA during the 3rd quarter worth approximately $77,000. Objective Capital Management LLC purchased a new position in shares of NVIDIA during the 3rd quarter valued at approximately $3,508,000. Carmel Capital Partners LLC lifted its position in shares of NVIDIA by 3.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 9,382 shares of the computer hardware maker’s stock valued at $1,139,000 after buying an additional 273 shares in the last quarter. Finally, Fairway Wealth LLC grew its stake in NVIDIA by 40.1% in the 3rd quarter. Fairway Wealth LLC now owns 2,802 shares of the computer hardware maker’s stock valued at $340,000 after acquiring an additional 802 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares in the company, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 40,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $121.01, for a total value of $4,840,400.00. Following the transaction, the director now directly owns 8,380,117 shares of the company’s stock, valued at $1,014,077,958.17. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,391,886 shares of company stock valued at $181,666,050. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Up 0.4 %

Shares of NASDAQ NVDA opened at $140.22 on Thursday. 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 business’s 50 day moving average is $139.84 and its two-hundred day moving average is $127.62. NVIDIA Co. has a 52-week low of $47.32 and a 52-week high of $152.89. The firm has a market cap of $3.43 trillion, a price-to-earnings ratio of 55.18, a PEG ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

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

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 paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. Raymond James upped their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Wedbush lifted their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Robert W. Baird increased their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Morgan Stanley raised their target price on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.