NVIDIA Co. (NASDAQ:NVDA) Position Raised by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 7.0% in the third quarter, Holdings Channel.com reports. The fund owned 343,839 shares of the computer hardware maker’s stock after acquiring an additional 22,610 shares during the quarter. NVIDIA makes up about 2.0% of Gladstone Institutional Advisory LLC’s holdings, making the stock its 6th biggest holding. Gladstone Institutional Advisory LLC’s holdings in NVIDIA were worth $41,756,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NVDA. Shepherd Financial Partners LLC increased its position in shares of NVIDIA by 29.6% in the third quarter. Shepherd Financial Partners LLC now owns 76,599 shares of the computer hardware maker’s stock worth $9,302,000 after purchasing an additional 17,497 shares during the last quarter. Fonville Wealth Management LLC lifted its holdings in shares of NVIDIA by 48.8% in the 3rd quarter. Fonville Wealth Management LLC now owns 10,021 shares of the computer hardware maker’s stock worth $1,217,000 after acquiring an additional 3,287 shares during the last quarter. W Advisors LLC grew its stake in shares of NVIDIA by 6.1% during the third quarter. W Advisors LLC now owns 17,373 shares of the computer hardware maker’s stock valued at $2,110,000 after buying an additional 992 shares during the last quarter. Human Investing LLC purchased a new position in NVIDIA in the 3rd quarter worth approximately $230,000. Finally, Interchange Capital Partners LLC increased its position in shares of NVIDIA by 7.6% in the third quarter. Interchange Capital Partners LLC now owns 28,618 shares of the computer hardware maker’s stock valued at $3,475,000 after acquiring an additional 2,009 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $134.25 on Friday. The company has a 50 day moving average price of $139.76 and a 200-day moving average price of $126.69. NVIDIA Co. has a fifty-two week low of $47.32 and a fifty-two week high of $152.89. The stock has a market capitalization of $3.29 trillion, a PE ratio of 52.85, a PEG ratio of 2.52 and a beta of 1.63. 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 (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. Equities analysts predict that NVIDIA Co. will post 2.76 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business 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. The ex-dividend date is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NVDA. Piper Sandler lifted their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Westpark Capital raised their price objective on shares of NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. HSBC upped their price target on NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Barclays boosted their target price 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. Finally, Morgan Stanley boosted 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the transaction, the director now directly owns 5,852,480 shares in the company, valued at approximately $698,025,289.60. The trade was a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,628,156 shares of company stock worth $197,995,077. 4.23% of the stock is owned by corporate insiders.

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.