NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,992 shares of the computer hardware maker’s stock after purchasing an additional 2,695 shares during the quarter. NVIDIA comprises about 0.9% of Angeles Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Angeles Wealth Management LLC’s holdings in NVIDIA were worth $10,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Lantz Financial LLC increased its holdings in shares of NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares during the period. CX Institutional raised its stake in shares of NVIDIA by 936.9% during the 2nd quarter. CX Institutional now owns 150,085 shares of the computer hardware maker’s stock worth $18,542,000 after buying an additional 135,610 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of NVIDIA by 865.8% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 4,182 shares of the computer hardware maker’s stock worth $517,000 after purchasing an additional 3,749 shares during the last quarter. Bourgeon Capital Management LLC lifted its stake in NVIDIA by 1,018.4% in the 2nd quarter. Bourgeon Capital Management LLC now owns 36,795 shares of the computer hardware maker’s stock valued at $4,546,000 after buying an additional 33,505 shares in the last quarter. Finally, WBH Advisory Inc. boosted its holdings in NVIDIA by 887.1% in the 2nd quarter. WBH Advisory Inc. now owns 9,585 shares of the computer hardware maker’s stock worth $1,184,000 after buying an additional 8,614 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Barclays upped their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Bank of America reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. The Goldman Sachs Group increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Raymond James increased their price objective on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. Finally, Morgan Stanley upped their price target on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Trading Down 1.7 %

NASDAQ NVDA opened at $132.00 on Tuesday. NVIDIA Co. has a 12 month low of $47.32 and a 12 month high of $152.89. The company has a 50-day moving average of $139.84 and a 200-day moving average of $126.92. The company has a market cap of $3.23 trillion, a P/E ratio of 51.95, a P/E/G ratio of 2.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

NVIDIA declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 28th that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the sale, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 716 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,628,156 shares of company stock worth $197,995,077. 4.23% of the stock is currently owned by insiders.

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.