NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lifted by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 183,695 shares of the computer hardware maker's stock after buying an additional 30,726 shares during the quarter. NVIDIA makes up approximately 4.5% of B.O.S.S. Retirement Advisors LLC's portfolio, making the stock its 3rd biggest position. B.O.S.S. Retirement Advisors LLC's holdings in NVIDIA were worth $22,308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hamilton Wealth LLC raised its stake in shares of NVIDIA by 0.3% during the first quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker's stock worth $2,839,000 after purchasing an additional 9 shares during the last quarter. Poehling Capital Management INC. raised its position in NVIDIA by 0.9% in the first quarter. Poehling Capital Management INC. now owns 1,596 shares of the computer hardware maker's stock worth $1,442,000 after acquiring an additional 14 shares in the last quarter. FSA Wealth Management LLC raised its position in NVIDIA by 3.0% in the first quarter. FSA Wealth Management LLC now owns 486 shares of the computer hardware maker's stock worth $439,000 after acquiring an additional 14 shares in the last quarter. Clean Yield Group raised its position in NVIDIA by 0.8% in the first quarter. Clean Yield Group now owns 1,795 shares of the computer hardware maker's stock worth $1,622,000 after acquiring an additional 15 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its position in NVIDIA by 1.3% in the first quarter. Bell Investment Advisors Inc now owns 1,208 shares of the computer hardware maker's stock worth $1,092,000 after acquiring an additional 16 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 0.8 %

NASDAQ:NVDA opened at $145.89 on Thursday. NVIDIA Co. has a 12-month low of $45.01 and a 12-month high of $149.77. The firm has a market capitalization of $3.58 trillion, a P/E ratio of 68.43, a P/E/G ratio of 1.54 and a beta of 1.66. 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 business has a 50 day simple moving average of $133.00 and a 200 day simple moving average of $121.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The business's revenue for the quarter was up 93.6% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 2.68 EPS for the current year.

NVIDIA declared that its Board of Directors has approved a share repurchase plan 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 reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.88%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the transaction, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the transaction, the director now owns 5,852,480 shares in the company, valued at $698,025,289.60. This represents a 14.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,156,270 shares of company stock valued at $254,784,327. Corporate insiders own 4.23% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several research analyst reports. Evercore ISI increased their price objective on NVIDIA from $145.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 23rd. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Monday. Wells Fargo & Company increased their price objective on NVIDIA from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. DA Davidson reissued a "neutral" rating and issued a $90.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Finally, The Goldman Sachs Group increased their price objective on NVIDIA from $135.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.63.

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.