Physician Wealth Advisors Inc. Purchases 4,694 Shares of NVIDIA Co. (NASDAQ:NVDA)

Physician Wealth Advisors Inc. increased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,237 shares of the computer hardware maker's stock after acquiring an additional 4,694 shares during the quarter. NVIDIA makes up 1.0% of Physician Wealth Advisors Inc.'s portfolio, making the stock its 25th biggest position. Physician Wealth Advisors Inc.'s holdings in NVIDIA were worth $5,822,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Hamilton Wealth LLC lifted its position in shares of 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 acquiring an additional 9 shares during the last quarter. Poehling Capital Management INC. lifted its position in shares of 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 acquiring an additional 14 shares during the last quarter. FSA Wealth Management LLC lifted its position in shares of 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 acquiring an additional 14 shares during the last quarter. Clean Yield Group lifted its position in shares of 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 acquiring an additional 15 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in shares of NVIDIA by 1.3% in the first quarter. Bell Investment Advisors Inc now owns 1,208 shares of the computer hardware maker's stock valued at $1,092,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NVDA shares. Piper Sandler increased their target price on NVIDIA from $140.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, November 11th. UBS Group increased their target price on NVIDIA from $150.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. The Goldman Sachs Group increased their target price on NVIDIA from $135.00 to $150.00 and gave the company a "buy" rating in a report on Friday, October 11th. Truist Financial increased their target price on NVIDIA from $148.00 to $167.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Mizuho increased their target price on NVIDIA from $140.00 to $165.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $154.63.

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction 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 owns 492,409 shares in the company, valued at approximately $57,370,572.59. The trade was a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the company's stock in a transaction on Monday, September 9th. The shares were 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. The trade was 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 in the last three months. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Down 0.8 %

NASDAQ 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. The stock's 50 day moving average is $133.00 and its two-hundred day moving average is $121.54. The company has a market capitalization of $3.58 trillion, a price-to-earnings ratio of 68.43, a PEG ratio of 1.54 and a beta of 1.66. NVIDIA Co. has a 1-year low of $45.01 and a 1-year high of $149.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company's quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. Equities analysts forecast that NVIDIA Co. will post 2.68 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is currently 1.88%.

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

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.