Fulton Breakefield Broenniman LLC Purchases 99,151 Shares of NVIDIA Co. (NASDAQ:NVDA)

Fulton Breakefield Broenniman LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 474.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,028 shares of the computer hardware maker's stock after buying an additional 99,151 shares during the period. Fulton Breakefield Broenniman LLC's holdings in NVIDIA were worth $14,576,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the 2nd quarter worth $25,000. DHJJ Financial Advisors Ltd. boosted its stake in shares of NVIDIA by 1,900.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker's stock worth $25,000 after buying an additional 190 shares during the last quarter. FPC Investment Advisory Inc. acquired a new position in shares of NVIDIA during the 1st quarter worth about $26,000. CGC Financial Services LLC acquired a new position in shares of NVIDIA during the 2nd quarter worth about $26,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in shares of NVIDIA during the 1st quarter worth about $27,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 0.8 %

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

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

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 yield of 0.03%. NVIDIA's payout ratio is 1.88%.

NVIDIA announced that its board has authorized a share buyback program on Wednesday, August 28th that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Craig Hallum increased their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Morgan Stanley raised their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. TD Cowen raised shares of NVIDIA to a "strong-buy" rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $115.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 target price on shares of NVIDIA in a report on Monday. Five analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.63.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 155,000 shares of the business's stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the sale, the director now owns 8,100,117 shares of the company's stock, valued at $1,071,402,475.59. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the sale, the insider now directly owns 492,409 shares in the company, valued at approximately $57,370,572.59. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,156,270 shares of company stock worth $254,784,327 over the last three months. 4.23% of the stock is currently owned by insiders.

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.