Callahan Advisors LLC Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Callahan Advisors LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 14.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 106,354 shares of the computer hardware maker's stock after buying an additional 13,514 shares during the quarter. NVIDIA makes up about 1.3% of Callahan Advisors LLC's investment portfolio, making the stock its 26th largest holding. Callahan Advisors LLC's holdings in NVIDIA were worth $12,916,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. raised its stake in NVIDIA by 897.5% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 119,110 shares of the computer hardware maker's stock worth $14,715,000 after buying an additional 107,169 shares in the last quarter. Truepoint Inc. raised its position in shares of NVIDIA by 914.1% in the 2nd quarter. Truepoint Inc. now owns 12,990 shares of the computer hardware maker's stock worth $1,605,000 after acquiring an additional 11,709 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of NVIDIA by 683.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 238,829 shares of the computer hardware maker's stock valued at $29,505,000 after purchasing an additional 208,362 shares during the period. Blue Square Asset Management LLC boosted its position in shares of NVIDIA by 26.7% during the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock valued at $5,840,000 after purchasing an additional 10,136 shares in the last quarter. Finally, Narwhal Capital Management grew its stake in NVIDIA by 5.1% in the third quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker's stock worth $66,267,000 after purchasing an additional 26,373 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. This trade represents a 1.95 % 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 in the last three months. 4.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NVDA shares. Raymond James raised their price objective on NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 14th. Benchmark boosted their price objective on shares of NVIDIA from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. UBS Group lifted their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. Wells Fargo & Company boosted their price target on NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, William Blair started coverage on NVIDIA in a research note on Wednesday, September 18th. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.15.

NVIDIA Price Performance

NASDAQ:NVDA traded up $4.02 during trading hours on Friday, hitting $134.70. 304,377,688 shares of the stock traded hands, compared to its average volume of 382,932,125. The stock has a 50 day moving average price of $139.63 and a 200 day moving average price of $127.32. 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 company has a market cap of $3.30 trillion, a price-to-earnings ratio of 53.01, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a 1 year low of $47.32 and a 1 year high of $152.89.

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

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be paid 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 dividend payout ratio (DPR) is presently 1.57%.

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.