Willner & Heller LLC Sells 1,879 Shares of NVIDIA Co. (NASDAQ:NVDA)

Willner & Heller LLC cut its position in NVIDIA Co. (NASDAQ:NVDA) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 46,446 shares of the computer hardware maker’s stock after selling 1,879 shares during the quarter. NVIDIA comprises 5.0% of Willner & Heller LLC’s portfolio, making the stock its biggest holding. Willner & Heller LLC’s holdings in NVIDIA were worth $5,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its position in NVIDIA by 52.2% in the first quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock valued at $34,597,000 after acquiring an additional 13,135 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in shares of NVIDIA by 0.6% during the first quarter. Gilbert & Cook Inc. now owns 7,933 shares of the computer hardware maker’s stock valued at $7,168,000 after purchasing an additional 45 shares in the last quarter. Quent Capital LLC grew its holdings in shares of NVIDIA by 3.2% during the first quarter. Quent Capital LLC now owns 14,446 shares of the computer hardware maker’s stock worth $13,053,000 after purchasing an additional 454 shares during the last quarter. Haverford Trust Co increased its stake in shares of NVIDIA by 25.1% in the first quarter. Haverford Trust Co now owns 5,441 shares of the computer hardware maker’s stock valued at $4,916,000 after buying an additional 1,091 shares during the period. Finally, Graypoint LLC boosted its position in NVIDIA by 1.6% during the 1st quarter. Graypoint LLC now owns 44,714 shares of the computer hardware maker’s stock worth $40,402,000 after buying an additional 684 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. Redburn Atlantic began coverage on shares of NVIDIA in a research note on Tuesday. They set a “buy” rating and a $178.00 price target for the company. Robert W. Baird raised their target price on NVIDIA from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Oppenheimer upped their price target on NVIDIA from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday. Piper Sandler raised their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Mizuho boosted their target price on shares of NVIDIA from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $152.40.

NVIDIA Stock Performance

Shares of NVDA opened at $141.98 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79. The firm has a market cap of $3.48 trillion, a PE ratio of 66.66, a PEG ratio of 1.54 and a beta of 1.66. NVIDIA Co. has a 1 year low of $45.01 and a 1 year high of $149.77. The stock’s fifty day moving average price is $130.18 and its two-hundred day moving average price is $119.70.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The company’s revenue was up 122.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. On average, equities research analysts forecast that NVIDIA Co. will post 2.66 EPS for the current year.

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.88%.

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

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the transaction, the director now owns 8,100,117 shares in the company, valued at $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the completion of the sale, 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. Insiders sold 2,156,270 shares of company stock valued at $254,784,327 over the last three months. Company insiders own 4.23% of the company’s stock.

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.