NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. boosted its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 946.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,798 shares of the computer hardware maker's stock after buying an additional 149,044 shares during the period. NVIDIA accounts for approximately 1.9% of Edgemoor Investment Advisors Inc.'s investment portfolio, making the stock its 14th largest holding. Edgemoor Investment Advisors Inc.'s holdings in NVIDIA were worth $20,359,000 at the end of the most recent reporting period.

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Several other large investors have also recently added to or reduced their stakes in NVDA. Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA during the second quarter valued at $25,000. DHJJ Financial Advisors Ltd. boosted its stake in NVIDIA by 1,900.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker's stock valued at $25,000 after buying an additional 190 shares in the last quarter. FPC Investment Advisory Inc. bought a new position in NVIDIA during the first quarter valued at about $26,000. CGC Financial Services LLC bought a new position in NVIDIA during the second quarter valued at about $26,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in NVIDIA during the first quarter valued at about $27,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NVDA shares. DA Davidson reaffirmed a "neutral" rating and set a $90.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. Wells Fargo & Company raised their target price on NVIDIA from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. KeyCorp raised their target price on NVIDIA from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, July 9th. Truist Financial raised their target price on NVIDIA from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, August 27th. Finally, Raymond James increased their price target on NVIDIA from $120.00 to $140.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.46.

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View Our Latest Research Report on NVDA

NVIDIA Stock Down 0.0 %

NVDA opened at $134.80 on Friday. The business has a 50-day moving average of $118.54 and a 200-day moving average of $110.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79. NVIDIA Co. has a fifty-two week low of $39.23 and a fifty-two week high of $140.76. The company has a market capitalization of $3.31 trillion, a PE ratio of 63.23, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. During the same period last year, the business earned $0.25 EPS. The firm's revenue was up 122.4% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA's payout ratio is 1.88%.

NVIDIA announced that its board has initiated 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 reacquire up to 1.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 120,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $119.17, for a total value of $14,300,400.00. Following the transaction, the chief executive officer now directly owns 78,654,995 shares of the company's stock, valued at approximately $9,373,315,754.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jen Hsun Huang sold 120,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $119.17, for a total value of $14,300,400.00. Following the transaction, the chief executive officer now directly owns 78,654,995 shares of the company's stock, valued at approximately $9,373,315,754.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the sale, the director now directly owns 5,852,480 shares in the company, valued at $698,025,289.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,356,270 shares of company stock valued at $391,787,127. Corporate insiders own 4.23% of the company's stock.

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.

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