Mark Sheptoff Financial Planning LLC raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,899 shares of the computer hardware maker's stock after purchasing an additional 1,869 shares during the quarter. NVIDIA accounts for approximately 1.2% of Mark Sheptoff Financial Planning LLC's holdings, making the stock its 19th biggest holding. Mark Sheptoff Financial Planning LLC's holdings in NVIDIA were worth $2,174,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Quest Partners LLC bought a new position in shares of NVIDIA during the second quarter valued at approximately $27,000. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA during the third quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of NVIDIA during the second quarter valued at approximately $31,000. West Financial Advisors LLC bought a new position in shares of NVIDIA during the third quarter valued at approximately $36,000. Finally, DHJJ Financial Advisors Ltd. boosted its stake in shares of NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after purchasing an additional 140 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
In other NVIDIA news, Director John Dabiri sold 716 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company's stock, valued at $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by company insiders.
Shares of NASDAQ NVDA opened at $136.32 on Thursday. The stock has a market cap of $3.34 trillion, a PE ratio of 53.65, a P/E/G ratio of 2.43 and a beta of 1.64. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $54.74 and a 12-month high of $153.13. The company has a 50-day moving average of $139.68 and a 200 day moving average of $128.82.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. As a group, sell-side analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.57%.
NVDA has been the subject of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a research note on Wednesday, January 8th. UBS Group raised their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Bank of America reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, William Blair began coverage on shares of NVIDIA in a research note on Wednesday, September 18th. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.27.
Read Our Latest Analysis on NVIDIA
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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