NVIDIA Co. (NASDAQ:NVDA) is Bleakley Financial Group LLC's 9th Largest Position

Bleakley Financial Group LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 545,828 shares of the computer hardware maker's stock after buying an additional 54,942 shares during the period. NVIDIA accounts for about 2.0% of Bleakley Financial Group LLC's portfolio, making the stock its 9th largest position. Bleakley Financial Group LLC's holdings in NVIDIA were worth $66,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NVDA. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 2nd quarter worth $25,000. DHJJ Financial Advisors Ltd. grew its position 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 in the last quarter. FPC Investment Advisory Inc. bought a new stake in shares of NVIDIA in the first quarter valued at about $26,000. CGC Financial Services LLC purchased a new stake in NVIDIA in the second quarter worth about $26,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in NVIDIA during the 1st quarter worth about $27,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the sale, the insider now owns 492,409 shares of the company's stock, valued at $57,370,572.59. This represents a 0.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $105.33, for a total transaction of $12,639,600.00. Following the sale, the chief executive officer now owns 75,895,836 shares of the company's stock, valued at $7,994,108,405.88. This represents a 0.16 % 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 in the last ninety days. Insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. Raymond James upped their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 14th. Wedbush boosted their price target on NVIDIA from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday. Robert W. Baird lifted their target price on NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday. Westpark Capital raised their price target on shares of NVIDIA from $127.50 to $165.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Finally, 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. Five investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $160.82.

NVIDIA Price Performance

Shares of NVDA stock traded down $1.95 during trading hours on Friday, hitting $144.72. 40,488,000 shares of the company's stock were exchanged, compared to its average volume of 396,077,906. The firm has a market cap of $3.55 trillion, a P/E ratio of 68.81, a P/E/G ratio of 1.54 and a beta of 1.66. The firm has a 50 day moving average of $133.55 and a two-hundred day moving average of $121.72. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. NVIDIA Co. has a fifty-two week low of $45.01 and a fifty-two week high of $152.89.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 113.50% and a net margin of 55.04%. The business had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The business's revenue was up 93.6% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Co. will post 2.68 EPS for the current year.

NVIDIA announced that its board has approved a share buyback plan on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm 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%. The ex-dividend date is Thursday, December 5th. NVIDIA's dividend payout ratio (DPR) is 1.88%.

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.