NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 12.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,650 shares of the computer hardware maker’s stock after acquiring an additional 8,650 shares during the period. Intact Investment Management Inc.’s holdings in NVIDIA were worth $9,187,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NVDA. Old North State Wealth Management LLC boosted its position in NVIDIA by 16.1% during the third quarter. Old North State Wealth Management LLC now owns 27,184 shares of the computer hardware maker’s stock worth $3,302,000 after purchasing an additional 3,777 shares in the last quarter. Centennial Bank AR raised its stake in shares of NVIDIA by 51.1% during the 3rd quarter. Centennial Bank AR now owns 1,479 shares of the computer hardware maker’s stock worth $180,000 after buying an additional 500 shares during the period. Roman Butler Fullerton & Co. lifted its position in shares of NVIDIA by 5.6% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 135,288 shares of the computer hardware maker’s stock valued at $17,804,000 after buying an additional 7,160 shares in the last quarter. Citizens National Bank Trust Department lifted its position in shares of NVIDIA by 9.2% during the 3rd quarter. Citizens National Bank Trust Department now owns 74,352 shares of the computer hardware maker’s stock valued at $9,029,000 after buying an additional 6,287 shares in the last quarter. Finally, Retirement Financial Solutions LLC grew its stake in NVIDIA by 3.2% in the 3rd quarter. Retirement Financial Solutions LLC now owns 3,489 shares of the computer hardware maker’s stock valued at $424,000 after acquiring an additional 109 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the completion of the transaction, the chief financial officer now directly owns 4,954,214 shares of the company’s stock, valued at $577,611,810.26. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, September 20th. The shares were 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 in the company, valued at $57,370,572.59. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,628,156 shares of company stock valued at $197,995,077 in the last ninety days. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 1.2 %

NASDAQ:NVDA opened at $130.39 on Wednesday. NVIDIA Co. has a 52 week low of $47.32 and a 52 week high of $152.89. The stock’s fifty day moving average is $139.79 and its two-hundred day moving average is $127.07. The stock has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm 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%. NVIDIA’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 EPS. Research analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current year.

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

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVDA. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Piper Sandler raised their price target 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. Stifel Nicolaus lifted their price objective on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Westpark Capital increased their target price on NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, UBS Group lifted their price target on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.15.

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.