Curran Financial Partners LLC Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Curran Financial Partners LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 62.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,339 shares of the computer hardware maker's stock after acquiring an additional 4,366 shares during the period. Curran Financial Partners LLC's holdings in NVIDIA were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NVDA. Hamilton Wealth LLC boosted its position in NVIDIA by 0.3% during the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker's stock valued at $2,839,000 after buying an additional 9 shares during the period. Poehling Capital Management INC. boosted its position in NVIDIA by 0.9% during the 1st quarter. Poehling Capital Management INC. now owns 1,596 shares of the computer hardware maker's stock valued at $1,442,000 after buying an additional 14 shares during the period. FSA Wealth Management LLC boosted its position in NVIDIA by 3.0% during the 1st quarter. FSA Wealth Management LLC now owns 486 shares of the computer hardware maker's stock valued at $439,000 after buying an additional 14 shares during the period. Clean Yield Group boosted its position in NVIDIA by 0.8% during the 1st quarter. Clean Yield Group now owns 1,795 shares of the computer hardware maker's stock valued at $1,622,000 after buying an additional 15 shares during the period. Finally, Bell Investment Advisors Inc boosted its position in NVIDIA by 1.3% during the 1st quarter. Bell Investment Advisors Inc now owns 1,208 shares of the computer hardware maker's stock valued at $1,092,000 after buying an additional 16 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the business's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $116.59, for a total value of $7,773,055.30. Following the transaction, the chief financial officer now owns 4,954,214 shares of the company's stock, valued at approximately $577,611,810.26. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the business's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.03, for a total transaction of $14,283,600.00. Following the completion of the transaction, the chief executive officer now directly owns 76,494,995 shares in the company, valued at $9,105,199,254.85. This trade represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,156,270 shares of company stock valued at $254,784,327 over the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NVDA opened at $145.89 on Thursday. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. NVIDIA Co. has a 12-month low of $45.01 and a 12-month high of $149.77. The company has a market cap of $3.58 trillion, a price-to-earnings ratio of 68.43, a PEG ratio of 1.54 and a beta of 1.66. The company's 50 day moving average is $133.00 and its 200 day moving average is $121.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business 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 firm earned $0.38 earnings per share. The company's revenue for the quarter was up 93.6% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Co. will post 2.68 EPS for the current year.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.88%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NVDA. New Street Research upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and set a $120.00 price objective for the company in a report on Tuesday, August 6th. Benchmark restated a "buy" rating and issued a $170.00 price objective on shares of NVIDIA in a report on Thursday, August 29th. Truist Financial upped their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a "buy" rating in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of NVIDIA from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Finally, Robert W. Baird upped their price objective on shares of NVIDIA from $120.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Five equities research 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $154.63.

NVIDIA 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.