Blake Schutter Theil Wealth Advisors LLC Buys Shares of 18,975 NVIDIA Co. (NASDAQ:NVDA)

Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,975 shares of the computer hardware maker's stock, valued at approximately $2,304,000. NVIDIA accounts for approximately 1.7% of Blake Schutter Theil Wealth Advisors LLC's investment portfolio, making the stock its 11th largest holding.

Other large investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new stake in NVIDIA in the third quarter valued at $27,000. CGC Financial Services LLC bought a new position in shares of NVIDIA during the second quarter worth about $26,000. Quest Partners LLC acquired a new stake in shares of NVIDIA in the 2nd quarter worth about $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA in the 2nd quarter valued at about $31,000. Finally, FPC Investment Advisory Inc. boosted its stake in NVIDIA by 900.0% during the 2nd quarter. FPC Investment Advisory Inc. now owns 290 shares of the computer hardware maker's stock valued at $34,000 after purchasing an additional 261 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays raised their price target on shares of NVIDIA from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. TD Cowen raised their target price on NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Citigroup boosted their price target on NVIDIA from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Robert W. Baird raised their price target on NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Wedbush lifted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $164.15.

NVIDIA Trading Up 3.1 %

NVIDIA stock opened at $134.70 on Friday. NVIDIA Co. has a 12 month low of $47.32 and a 12 month high of $152.89. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.30 trillion, a P/E ratio of 53.01, a P/E/G ratio of 2.43 and a beta of 1.63. The company's fifty day simple moving average is $139.63 and its 200-day simple moving average is $127.25.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, December 5th. NVIDIA's payout ratio is presently 1.57%.

NVIDIA declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares of the company's stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,556,986 shares of company stock worth $201,687,727 over the last ninety days. 4.23% of the stock is currently owned by 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.