JFS Wealth Advisors LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 500 shares of the computer hardware maker’s stock, valued at approximately $141,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cornerstone Advisors Inc. boosted its stake in NVIDIA by 22.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,835 shares of the computer hardware maker’s stock worth $672,000 after purchasing an additional 511 shares during the period. Huntington National Bank lifted its stake in shares of NVIDIA by 24.4% in the 2nd quarter. Huntington National Bank now owns 1,260 shares of the computer hardware maker’s stock worth $298,000 after acquiring an additional 247 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of NVIDIA in the 2nd quarter worth $865,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of NVIDIA by 94.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,120 shares of the computer hardware maker’s stock worth $298,000 after acquiring an additional 7,834 shares during the period. Finally, Stock Yards Bank & Trust Co. acquired a new stake in shares of NVIDIA in the 2nd quarter worth $410,000. 66.12% of the stock is owned by institutional investors.

Shares of NVDA opened at $149.08 on Wednesday. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $88.27 billion, a PE ratio of 31.92, a P/E/G ratio of 1.94 and a beta of 2.01. NVIDIA Co. has a 52-week low of $133.31 and a 52-week high of $292.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.06). The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. On average, equities research analysts forecast that NVIDIA Co. will post 7.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, November 29th. This is an increase from NVIDIA’s previous quarterly dividend of $0.15. NVIDIA’s dividend payout ratio (DPR) is currently 12.85%.

In other NVIDIA news, CFO Colette Kress sold 11,576 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $266.31, for a total transaction of $3,082,804.56. Following the completion of the transaction, the chief financial officer now directly owns 297,482 shares in the company, valued at approximately $79,222,431.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Byron sold 11,257 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $263.94, for a total transaction of $2,971,172.58. Following the transaction, the insider now owns 81,414 shares of the company’s stock, valued at $21,488,411.16. The disclosure for this sale can be found here. Insiders sold a total of 113,707 shares of company stock valued at $32,347,973 in the last quarter. Insiders own 4.70% of the company’s stock.

Several analysts have recently commented on NVDA shares. Benchmark restated a “buy” rating and issued a $310.00 target price (up previously from $280.00) on shares of NVIDIA in a research note on Thursday, September 20th. Needham & Company LLC raised their target price on shares of NVIDIA from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 14th. BidaskClub cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 18th. Goldman Sachs Group raised their target price on shares of NVIDIA from $310.00 to $324.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Finally, Bank of America raised their target price on shares of NVIDIA from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $261.28.

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NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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