Asset Allocation Strategies LLC Buys 1,915 Shares of NVIDIA Co. (NASDAQ:NVDA)

Asset Allocation Strategies LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 38.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,944 shares of the computer hardware maker's stock after purchasing an additional 1,915 shares during the quarter. Asset Allocation Strategies LLC's holdings in NVIDIA were worth $843,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Hoertkorn Richard Charles lifted its holdings in NVIDIA by 2.0% during the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock worth $424,000 after acquiring an additional 70 shares in the last quarter. Smart Portfolios LLC raised its position in shares of NVIDIA by 2.7% during the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock worth $341,000 after purchasing an additional 75 shares during the period. Palisade Asset Management LLC lifted its holdings in shares of NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares in the last quarter. Total Wealth Planning LLC lifted its holdings in shares of NVIDIA by 3.6% during the 3rd quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker's stock valued at $276,000 after purchasing an additional 78 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH grew its position in shares of NVIDIA by 0.3% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 30,080 shares of the computer hardware maker's stock valued at $3,653,000 after purchasing an additional 80 shares during the period. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NVDA. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Wedbush increased their target price on NVIDIA from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. TD Cowen lifted their price target on NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $175.00 price objective 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.63.

NVIDIA Stock Up 2.3 %

Shares of NVDA opened at $140.83 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.45 trillion, a PE ratio of 55.42, a P/E/G ratio of 2.48 and a beta of 1.64. The firm's 50 day moving average is $138.84 and its 200-day moving average is $129.11. NVIDIA Co. has a 12 month low of $58.58 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company's quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. Equities research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. 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%.

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last ninety days. 4.23% of the stock is currently owned by company insiders.

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.