NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 20,659 shares of the computer hardware maker’s stock after purchasing an additional 1,330 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in NVIDIA were worth $2,509,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NVDA. Pensionfund Sabic lifted its position in shares of NVIDIA by 900.0% during the 2nd quarter. Pensionfund Sabic now owns 10,000 shares of the computer hardware maker’s stock valued at $1,235,000 after buying an additional 9,000 shares in the last quarter. Waller Financial Planning Group Inc. acquired a new position in NVIDIA during the second quarter worth $378,000. Red Spruce Capital LLC lifted its holdings in NVIDIA by 917.1% during the second quarter. Red Spruce Capital LLC now owns 17,260 shares of the computer hardware maker’s stock valued at $2,132,000 after purchasing an additional 15,563 shares in the last quarter. Appleton Partners Inc. MA grew its position in shares of NVIDIA by 1,631.4% in the second quarter. Appleton Partners Inc. MA now owns 81,012 shares of the computer hardware maker’s stock valued at $10,008,000 after purchasing an additional 76,333 shares during the period. Finally, Centre Asset Management LLC increased its stake in shares of NVIDIA by 922.9% during the second quarter. Centre Asset Management LLC now owns 230,385 shares of the computer hardware maker’s stock worth $28,462,000 after purchasing an additional 207,862 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. The Goldman Sachs Group lifted their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Mizuho increased their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Stifel Nicolaus lifted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, William Blair initiated coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the sale, the director now directly owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. This trade represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,556,986 shares of company stock worth $188,359,199. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $135.07 on Wednesday. The company has a market cap of $3.31 trillion, a P/E ratio of 53.18, a PEG ratio of 2.58 and a beta of 1.63. NVIDIA Co. has a fifty-two week low of $45.83 and a fifty-two week high of $152.89. 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 firm’s 50 day moving average price is $138.51 and its 200 day moving average price is $126.04.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. On average, research analysts forecast that NVIDIA Co. will post 2.76 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA announced that its board has authorized a stock repurchase program on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.