NVIDIA Co. (NASDAQ:NVDA) Holdings Lifted by Sage Advisors LLC

Sage Advisors LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,928 shares of the computer hardware maker’s stock after buying an additional 1,445 shares during the quarter. NVIDIA accounts for approximately 1.5% of Sage Advisors LLC’s holdings, making the stock its 10th largest position. Sage Advisors LLC’s holdings in NVIDIA were worth $1,934,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Schear Investment Advisers LLC increased its stake in NVIDIA by 15.6% in the third quarter. Schear Investment Advisers LLC now owns 109,242 shares of the computer hardware maker’s stock valued at $13,266,000 after purchasing an additional 14,710 shares during the last quarter. Mount Lucas Management LP grew its holdings in NVIDIA by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 6,734 shares of the computer hardware maker’s stock valued at $818,000 after buying an additional 156 shares during the period. Spinnaker Investment Group LLC grew its holdings in NVIDIA by 2.7% in the 3rd quarter. Spinnaker Investment Group LLC now owns 25,274 shares of the computer hardware maker’s stock valued at $3,069,000 after buying an additional 661 shares during the period. Accredited Investors Inc. lifted its holdings in shares of NVIDIA by 4.4% during the 3rd quarter. Accredited Investors Inc. now owns 71,840 shares of the computer hardware maker’s stock worth $8,724,000 after acquiring an additional 3,005 shares during the period. Finally, Veery Capital LLC boosted its position in shares of NVIDIA by 1.8% in the third quarter. Veery Capital LLC now owns 7,549 shares of the computer hardware maker’s stock worth $917,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Barclays upped their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Melius Research upped their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. HSBC lifted their target price on NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Phillip Securities restated an “accumulate” rating and set a $160.00 price target (up from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Finally, Morgan Stanley lifted their price objective on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $164.15.

NVIDIA Stock Up 3.0 %

NVDA stock opened at $138.31 on Friday. The firm has a market cap of $3.39 trillion, a price-to-earnings ratio of 54.43, a PEG ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 1-year low of $47.32 and a 1-year high of $152.89. The firm has a fifty day moving average price of $139.51 and a two-hundred day moving average price of $128.16. 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 released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $33.15 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. Research analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. The trade was a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,226,886 shares of company stock worth $161,499,400 in the last three months. 4.23% of the stock is owned by insiders.

NVIDIA 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.