NVIDIA Co. (NASDAQ:NVDA) Stock Position Lessened by Private Harbour Investment Management & Counsel LLC

Private Harbour Investment Management & Counsel LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,133 shares of the computer hardware maker's stock after selling 7,458 shares during the quarter. NVIDIA comprises approximately 8.8% of Private Harbour Investment Management & Counsel LLC's investment portfolio, making the stock its 2nd largest holding. Private Harbour Investment Management & Counsel LLC's holdings in NVIDIA were worth $8,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lowe Wealth Advisors LLC bought a new stake in NVIDIA in the 2nd quarter worth about $25,000. DHJJ Financial Advisors Ltd. lifted 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. purchased a new position in shares of NVIDIA in the 1st quarter worth approximately $26,000. CGC Financial Services LLC bought a new position in shares of NVIDIA in the second quarter valued at approximately $26,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in NVIDIA during the first quarter worth $27,000. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. UBS Group upped their price objective on NVIDIA from $150.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Cantor Fitzgerald reiterated an "overweight" rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday. Truist Financial raised their price target on shares of NVIDIA from $148.00 to $167.00 and gave the company a "buy" rating in a report on Tuesday. Bank of America restated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday. Finally, Piper Sandler lifted their price target on NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $160.82.

NVIDIA Price Performance

NVIDIA stock traded down $1.95 during midday trading on Friday, reaching $144.72. 40,488,000 shares of the stock traded hands, compared to its average volume of 396,077,906. 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 12 month low of $45.01 and a 12 month high of $152.89. The stock's fifty day moving average is $133.55 and its 200-day moving average is $121.72. The stock has a market cap of $3.55 trillion, a P/E ratio of 68.81, a PEG ratio of 1.54 and a beta of 1.66.

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 for the quarter, topping 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 company had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. NVIDIA's quarterly revenue was up 93.6% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.68 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.88%.

NVIDIA declared that its Board of Directors has initiated a share buyback plan 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 repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction 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 sale, the insider now owns 492,409 shares of the company's stock, valued at approximately $57,370,572.59. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $110.76, for a total transaction of $13,291,200.00. Following the transaction, the chief executive officer now owns 76,375,705 shares in the company, valued at $8,459,373,085.80. The trade was a 0.16 % decrease in their ownership of the stock. 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 ninety days. 4.23% of the stock is owned by 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.