84,716 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 84,716 shares of the computer hardware maker’s stock, valued at approximately $9,912,000. NVIDIA makes up 5.1% of Global Assets Advisory LLC’s investment portfolio, making the stock its 4th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. China Universal Asset Management Co. Ltd. grew its position in shares of NVIDIA by 52.2% in the first quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock valued at $34,597,000 after purchasing an additional 13,135 shares during the last quarter. Shell Asset Management Co. lifted its stake in NVIDIA by 1.1% in the 1st quarter. Shell Asset Management Co. now owns 123,527 shares of the computer hardware maker’s stock valued at $111,614,000 after buying an additional 1,327 shares in the last quarter. Fayez Sarofim & Co grew its holdings in NVIDIA by 16.4% during the 1st quarter. Fayez Sarofim & Co now owns 145,619 shares of the computer hardware maker’s stock valued at $131,576,000 after buying an additional 20,467 shares during the last quarter. Vident Advisory LLC increased its position in NVIDIA by 30.4% during the first quarter. Vident Advisory LLC now owns 67,153 shares of the computer hardware maker’s stock worth $60,678,000 after buying an additional 15,675 shares in the last quarter. Finally, Delap Wealth Advisory LLC raised its holdings in shares of NVIDIA by 383.6% in the first quarter. Delap Wealth Advisory LLC now owns 5,668 shares of the computer hardware maker’s stock worth $5,121,000 after acquiring an additional 4,496 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA opened at $138.63 on Tuesday. NVIDIA Co. has a twelve month low of $45.01 and a twelve month high of $152.89. The firm has a market cap of $3.40 trillion, a price-to-earnings ratio of 54.58, a PEG ratio of 2.50 and a beta of 1.66. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $136.05 and a 200 day simple moving average of $124.11.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share 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 company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period last year, the firm earned $0.38 earnings per share. The company’s revenue was up 93.6% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 2.76 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has initiated 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 buy up to 1.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.57%.

Insider Buying and Selling 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 shares were 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $105.33, for a total transaction of $12,639,600.00. Following the transaction, the chief executive officer now directly owns 75,895,836 shares in the company, valued at $7,994,108,405.88. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,916,986 shares of company stock valued at $227,311,199 in the last three months. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Truist Financial lifted their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Needham & Company LLC upped their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. William Blair started coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Finally, Melius Research boosted their price target on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.15.

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.