Detalus Advisors LLC Sells 732 Shares of NVIDIA Co. (NASDAQ:NVDA)

Detalus Advisors LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.0% in the third quarter, Holdings Channel.com reports. The firm owned 11,514 shares of the computer hardware maker’s stock after selling 732 shares during the period. Detalus Advisors LLC’s holdings in NVIDIA were worth $1,398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Investment Counsel LLC boosted its holdings in NVIDIA by 35.2% during the 3rd quarter. Sterling Investment Counsel LLC now owns 38,588 shares of the computer hardware maker’s stock worth $4,686,000 after acquiring an additional 10,037 shares during the last quarter. BetterWealth LLC lifted its position in shares of NVIDIA by 0.9% during the third quarter. BetterWealth LLC now owns 17,526 shares of the computer hardware maker’s stock valued at $2,128,000 after purchasing an additional 150 shares in the last quarter. Coston McIsaac & Partners boosted its holdings in NVIDIA by 12.2% during the third quarter. Coston McIsaac & Partners now owns 1,040 shares of the computer hardware maker’s stock worth $126,000 after purchasing an additional 113 shares during the last quarter. Litman Gregory Wealth Management LLC purchased a new position in NVIDIA during the third quarter worth about $326,000. Finally, Altus Wealth Group LLC increased its stake in NVIDIA by 4.7% in the 3rd quarter. Altus Wealth Group LLC now owns 18,636 shares of the computer hardware maker’s stock valued at $2,263,000 after buying an additional 831 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $138.25 on Monday. The company has a market capitalization of $3.39 trillion, a P/E ratio of 54.43, a P/E/G ratio of 2.50 and a beta of 1.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $45.01 and a 52-week high of $152.89. The company has a fifty day moving average of $136.05 and a 200-day moving average of $124.11.

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, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. As a group, equities research analysts predict that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently declared 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 dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the sale, the director now owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. The trade was a 14.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 716 shares of the firm’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 transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,036,986 shares of company stock worth $240,602,399. 4.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. Benchmark upped their target price on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Loop Capital reissued a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Robert W. Baird raised their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. William Blair assumed coverage on NVIDIA in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $200.00 price target on shares of NVIDIA in a research report on Monday, November 18th. 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 stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price 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.