Cahill Financial Advisors Inc. Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Cahill Financial Advisors Inc. grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,260 shares of the computer hardware maker’s stock after buying an additional 452 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in NVIDIA were worth $2,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Lantz Financial LLC grew its stake in NVIDIA by 833.1% in the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after acquiring an additional 36,774 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after purchasing an additional 5,695 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in NVIDIA by 893.4% during the 2nd quarter. Proffitt & Goodson Inc. now owns 22,272 shares of the computer hardware maker’s stock worth $2,751,000 after purchasing an additional 20,030 shares during the period. Griffin Asset Management Inc. raised its position in NVIDIA by 947.1% during the 2nd quarter. Griffin Asset Management Inc. now owns 101,780 shares of the computer hardware maker’s stock valued at $12,574,000 after purchasing an additional 92,060 shares in the last quarter. Finally, Joule Financial LLC lifted its holdings in shares of NVIDIA by 1,150.6% in the 2nd quarter. Joule Financial LLC now owns 3,189 shares of the computer hardware maker’s stock worth $394,000 after buying an additional 2,934 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director John Dabiri sold 716 shares of the stock in a transaction that occurred 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 transaction, the director now owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

NVIDIA Trading Down 0.0 %

Shares of NASDAQ:NVDA opened at $140.11 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $51.69 and a 12-month high of $153.13. The business has a 50 day moving average of $139.89 and a two-hundred day moving average of $128.54. The company has a market capitalization of $3.43 trillion, a PE ratio of 55.14, a PEG ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 93.6% compared to the same quarter last year. As a group, analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. 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 payout ratio is 1.57%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NVDA shares. Benchmark restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Tuesday. Redburn Atlantic initiated coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target for the company. HSBC increased their price objective on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird boosted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

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.