NVIDIA Co. (NASDAQ:NVDA) is Transform Wealth LLC's 5th Largest Position

Transform Wealth LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 40.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,457 shares of the computer hardware maker's stock after buying an additional 71,534 shares during the quarter. NVIDIA accounts for about 2.0% of Transform Wealth LLC's holdings, making the stock its 5th biggest position. Transform Wealth LLC's holdings in NVIDIA were worth $30,418,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NVDA. Hamilton Wealth LLC raised its position in shares of NVIDIA by 0.3% in the first quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker's stock valued at $2,839,000 after purchasing an additional 9 shares during the period. Poehling Capital Management INC. raised its position in shares of NVIDIA by 0.9% in the first quarter. Poehling Capital Management INC. now owns 1,596 shares of the computer hardware maker's stock valued at $1,442,000 after purchasing an additional 14 shares during the period. FSA Wealth Management LLC raised its position in shares of NVIDIA by 3.0% in the first quarter. FSA Wealth Management LLC now owns 486 shares of the computer hardware maker's stock valued at $439,000 after purchasing an additional 14 shares during the period. Clean Yield Group increased its holdings in NVIDIA by 0.8% during the 1st 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 during the period. Finally, Bell Investment Advisors Inc increased its holdings 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 worth $1,092,000 after acquiring an additional 16 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA stock opened at $145.89 on Thursday. The company's 50-day moving average is $133.00 and its 200 day 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. The company has a market capitalization of $3.58 trillion, a price-to-earnings ratio of 68.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66. NVIDIA Co. has a one year low of $45.01 and a one year high of $149.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business's quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. Sell-side analysts expect that NVIDIA Co. will post 2.68 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA announced that its board has authorized a share repurchase program on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NVDA shares. TD Cowen raised shares of NVIDIA to a "strong-buy" rating in a report on Monday, September 16th. Loop Capital reaffirmed a "buy" rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday. Wells Fargo & Company upped their target price on shares of NVIDIA from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Needham & Company LLC upped their target price on shares of NVIDIA from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Finally, UBS Group upped their target price on shares of NVIDIA from $150.00 to $185.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $154.63.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 120,000 shares of the company'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 transaction, the chief executive officer now owns 75,895,836 shares of the company's stock, valued at approximately $7,994,108,405.88. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the transaction, the director now directly owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,156,270 shares of company stock worth $254,784,327. 4.23% of the stock is currently owned by company insiders.

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.