NVIDIA Co. (NASDAQ:NVDA) Holdings Lifted by FSA Advisors Inc.

FSA Advisors Inc. boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 226.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,918 shares of the computer hardware maker’s stock after purchasing an additional 1,330 shares during the quarter. FSA Advisors Inc.’s holdings in NVIDIA were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. PrairieView Partners LLC boosted its stake in shares of NVIDIA by 1,114.7% during the 2nd quarter. PrairieView Partners LLC now owns 4,713 shares of the computer hardware maker’s stock worth $582,000 after acquiring an additional 4,325 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in shares of NVIDIA by 1,304.8% in the 2nd quarter. Crestwood Advisors Group LLC now owns 298,301 shares of the computer hardware maker’s stock valued at $36,852,000 after purchasing an additional 277,067 shares during the period. Cypress Funds LLC boosted its position in shares of NVIDIA by 271.9% in the 2nd quarter. Cypress Funds LLC now owns 557,870 shares of the computer hardware maker’s stock valued at $68,919,000 after purchasing an additional 407,870 shares during the period. FFT Wealth Management LLC increased its stake in NVIDIA by 1,087.7% in the 2nd quarter. FFT Wealth Management LLC now owns 24,717 shares of the computer hardware maker’s stock worth $3,054,000 after purchasing an additional 22,636 shares in the last quarter. Finally, Augustine Asset Management Inc. raised its holdings in NVIDIA by 904.2% during the 2nd quarter. Augustine Asset Management Inc. now owns 9,470 shares of the computer hardware maker’s stock worth $1,170,000 after buying an additional 8,527 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $127.14, for a total transaction of $15,256,800.00. Following the transaction, the chief executive officer now owns 79,614,995 shares of the company’s stock, valued at $10,122,250,464.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $127.14, for a total value of $15,256,800.00. Following the completion of the sale, the chief executive officer now directly owns 79,614,995 shares of the company’s stock, valued at approximately $10,122,250,464.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 40,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $121.01, for a total transaction of $4,840,400.00. Following the transaction, the director now owns 8,380,117 shares in the company, valued at approximately $1,014,077,958.17. The disclosure for this sale can be found here. Insiders sold a total of 4,197,403 shares of company stock worth $501,955,984 over the last three months. 4.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of NVIDIA from $120.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 8th. Sanford C. Bernstein lifted their price objective on shares of NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 29th. Loop Capital reaffirmed a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Monday, August 26th. Finally, TD Cowen raised NVIDIA to a “strong-buy” rating in a research note on Monday, September 16th. Five research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $142.10.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $117.00 on Wednesday. The firm has a market capitalization of $2.88 trillion, a PE ratio of 68.42, a PEG ratio of 1.05 and a beta of 1.67. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. NVIDIA Co. has a 1 year low of $39.23 and a 1 year high of $140.76. The firm’s fifty day simple moving average is $115.72 and its 200 day simple moving average is $108.79.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue was up 122.4% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.65 EPS for the current year.

NVIDIA announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 28th that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

NVIDIA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

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.