NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 50.2% during the third quarter, Holdings Channel reports. The fund owned 106,866 shares of the computer hardware maker’s stock after buying an additional 35,722 shares during the quarter. NVIDIA comprises 2.3% of Catalytic Wealth RIA LLC’s investment portfolio, making the stock its 7th largest position. Catalytic Wealth RIA LLC’s holdings in NVIDIA were worth $12,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chartwell Investment Partners LLC raised its stake in NVIDIA by 1.7% during the 3rd quarter. Chartwell Investment Partners LLC now owns 759,861 shares of the computer hardware maker’s stock worth $92,277,000 after buying an additional 12,689 shares during the period. Beam Wealth Advisors Inc. increased its holdings in shares of NVIDIA by 1.5% during the third quarter. Beam Wealth Advisors Inc. now owns 132,072 shares of the computer hardware maker’s stock valued at $16,039,000 after acquiring an additional 1,957 shares in the last quarter. Paragon Capital Management LLC raised its position in shares of NVIDIA by 23.7% during the third quarter. Paragon Capital Management LLC now owns 2,592 shares of the computer hardware maker’s stock worth $315,000 after purchasing an additional 497 shares during the period. Ridgecrest Wealth Partners LLC lifted its holdings in shares of NVIDIA by 309.4% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 75,300 shares of the computer hardware maker’s stock worth $9,144,000 after purchasing an additional 56,905 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in NVIDIA in the 3rd quarter valued at $2,350,000. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of analyst reports. Raymond James upped their target price on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Wedbush increased their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Citigroup increased their price target on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen lifted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $164.15.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 125,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the completion of the transaction, the director now directly owns 8,255,117 shares of the company’s stock, valued at $1,012,159,895.37. The trade was a 1.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,351,886 shares of company stock valued at $176,825,650. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 0.2 %

Shares of NASDAQ NVDA opened at $139.93 on Friday. The stock has a market capitalization of $3.43 trillion, a PE ratio of 55.07, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. 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 Co. has a 12-month low of $47.32 and a 12-month high of $152.89. The stock’s fifty day simple moving average is $139.99 and its two-hundred day simple moving average is $127.80.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 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 business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the previous year, the company posted $0.38 earnings per share. The firm’s revenue was up 93.6% on a year-over-year basis. As a group, analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

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 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio is currently 1.57%.

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.