Capital Advisors Ltd. LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Capital Advisors Ltd. LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 925.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,441 shares of the computer hardware maker’s stock after acquiring an additional 14,838 shares during the period. Capital Advisors Ltd. LLC’s holdings in NVIDIA were worth $2,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Aveo Capital Partners LLC grew its position in shares of NVIDIA by 30.5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,351 shares of the computer hardware maker’s stock worth $1,164,000 after buying an additional 549 shares during the period. Gryphon Financial Partners LLC boosted its stake in NVIDIA by 60.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 14,514 shares of the computer hardware maker’s stock worth $7,188,000 after acquiring an additional 5,496 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in NVIDIA by 13.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 104,135 shares of the computer hardware maker’s stock worth $51,570,000 after purchasing an additional 12,142 shares during the period. Private Portfolio Partners LLC increased its stake in shares of NVIDIA by 1.0% during the fourth quarter. Private Portfolio Partners LLC now owns 4,994 shares of the computer hardware maker’s stock valued at $2,473,000 after purchasing an additional 49 shares in the last quarter. Finally, USA Financial Formulas lifted its holdings in shares of NVIDIA by 558.0% during the fourth quarter. USA Financial Formulas now owns 6,567 shares of the computer hardware maker’s stock valued at $3,252,000 after purchasing an additional 5,569 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on NVIDIA from $91.00 to $108.50 and gave the company a “buy” rating in a research report on Monday, May 20th. Wedbush reissued an “outperform” rating and issued a $138.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. Raymond James lifted their price target on NVIDIA from $120.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 29th. Morgan Stanley increased their price objective on shares of NVIDIA from $144.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, Barclays reduced their price objective on shares of NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. Five research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $142.10.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $99.81, for a total value of $11,977,200.00. Following the transaction, the chief executive officer now directly owns 77,094,995 shares in the company, valued at $7,694,851,450.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.81, for a total transaction of $11,977,200.00. Following the sale, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at approximately $7,694,851,450.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $126.99, for a total value of $12,699,000.00. Following the completion of the transaction, the chief financial officer now directly owns 5,288,862 shares in the company, valued at $671,632,585.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,845,633 shares of company stock valued at $465,330,122. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 1.9 %

NASDAQ NVDA opened at $116.78 on Tuesday. NVIDIA Co. has a 52 week low of $39.23 and a 52 week high of $140.76. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.87 trillion, a P/E ratio of 68.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.67. The stock’s 50-day moving average price is $117.19 and its 200-day moving average price is $106.39.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to analysts’ expectations of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The firm’s revenue was up 122.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. On average, equities research analysts predict that NVIDIA Co. will post 2.64 earnings per share for the current year.

NVIDIA Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a dividend of $0.01 per share. 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, September 12th. NVIDIA’s dividend payout ratio (DPR) is 2.34%.

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

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.