US Financial Advisors LLC Has $739,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

US Financial Advisors LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,086 shares of the computer hardware maker’s stock after selling 174 shares during the quarter. US Financial Advisors LLC’s holdings in NVIDIA were worth $739,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. David J Yvars Group increased its position in shares of NVIDIA by 1.9% in the 3rd quarter. David J Yvars Group now owns 110,907 shares of the computer hardware maker’s stock valued at $13,469,000 after buying an additional 2,065 shares in the last quarter. Bridgewater Advisors Inc. raised its position in shares of NVIDIA by 3.9% during the third quarter. Bridgewater Advisors Inc. now owns 122,584 shares of the computer hardware maker’s stock worth $14,887,000 after purchasing an additional 4,601 shares during the period. GGM Financials LLC lifted its holdings in shares of NVIDIA by 12.2% during the 3rd quarter. GGM Financials LLC now owns 11,116 shares of the computer hardware maker’s stock valued at $1,350,000 after purchasing an additional 1,208 shares in the last quarter. Ironsides Asset Advisors LLC grew its position in shares of NVIDIA by 52.6% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 7,799 shares of the computer hardware maker’s stock valued at $947,000 after purchasing an additional 2,687 shares during the period. Finally, Advisors Management Group Inc. ADV increased its position in shares of NVIDIA by 4.8% during the third quarter. Advisors Management Group Inc. ADV now owns 102,152 shares of the computer hardware maker’s stock worth $12,405,000 after acquiring an additional 4,717 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 165,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $121.27, for a total transaction of $20,021,677.00. Following the sale, the director now directly owns 8,420,117 shares of the company’s stock, valued at $1,021,107,588.59. The trade was a 1.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,556,986 shares of company stock valued at $201,687,727. 4.23% of the stock is currently owned by insiders.

NVIDIA Trading Up 3.1 %

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Shares of NASDAQ:NVDA opened at $134.70 on Friday. The business’s 50 day simple moving average is $139.63 and its 200 day simple moving average is $127.32. 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 $3.30 trillion, a P/E ratio of 53.01, a P/E/G ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA – Get Free Report) 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 for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.01 per share. 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 payout ratio is 1.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NVDA shares. 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. Citigroup lifted their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Loop Capital reaffirmed a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Morgan Stanley boosted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Oppenheimer restated an “outperform” rating and issued a $175.00 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 given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.15.

View Our Latest Analysis on NVIDIA

About NVIDIA

(Free Report)

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.