Waters Parkerson & CO. LLC Acquires 1,000 Shares of NVIDIA Co. (NASDAQ:NVDA)

Waters Parkerson & CO. LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 12.7% in the third quarter, Holdings Channel.com reports. The firm owned 8,868 shares of the computer hardware maker’s stock after purchasing an additional 1,000 shares during the period. Waters Parkerson & CO. LLC’s holdings in NVIDIA were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of NVIDIA by 6.5% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 49,800 shares of the computer hardware maker’s stock valued at $7,549,000 after buying an additional 3,055 shares during the last quarter. Fortune 45 LLC grew its holdings in shares of NVIDIA by 34.4% during the second quarter. Fortune 45 LLC now owns 2,027 shares of the computer hardware maker’s stock valued at $307,000 after buying an additional 519 shares during the last quarter. Covenant Partners LLC grew its holdings in shares of NVIDIA by 6.2% during the second quarter. Covenant Partners LLC now owns 6,458 shares of the computer hardware maker’s stock valued at $979,000 after buying an additional 377 shares during the last quarter. Apexium Financial LP grew its holdings in shares of NVIDIA by 137.4% during the second quarter. Apexium Financial LP now owns 1,690 shares of the computer hardware maker’s stock valued at $256,000 after buying an additional 978 shares during the last quarter. Finally, Coastline Trust Co grew its holdings in shares of NVIDIA by 6.6% during the second quarter. Coastline Trust Co now owns 61,645 shares of the computer hardware maker’s stock valued at $9,344,000 after buying an additional 3,843 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Truist Financial increased their price target on shares of NVIDIA from $198.00 to $238.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley cut their target price on shares of NVIDIA from $182.00 to $175.00 and set an “equal weight” rating for the company in a research report on Thursday, November 17th. StockNews.com downgraded shares of NVIDIA from a “hold” rating to a “sell” rating in a research report on Thursday, October 20th. Cowen lifted their target price on shares of NVIDIA from $200.00 to $220.00 in a research report on Monday, December 12th. Finally, HSBC began coverage on shares of NVIDIA in a research report on Thursday, December 15th. They issued a “reduce” rating and a $136.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $209.23.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 2,494 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $167.89, for a total transaction of $418,717.66. Following the sale, the insider now directly owns 56,617 shares in the company, valued at approximately $9,505,428.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Donald F. Robertson, Jr. sold 2,494 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $167.89, for a total transaction of $418,717.66. Following the sale, the insider now directly owns 56,617 shares in the company, valued at approximately $9,505,428.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 293 shares of the company’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $165.80, for a total transaction of $48,579.40. Following the transaction, the director now owns 2,417 shares in the company, valued at $400,738.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,787 shares of company stock worth $36,844,997. 4.04% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NVDA stock traded down $5.25 during mid-day trading on Wednesday, hitting $187.40. The company had a trading volume of 16,756,645 shares, compared to its average volume of 44,712,617. The company has a market capitalization of $466.63 billion, a price-to-earnings ratio of 81.98, a P/E/G ratio of 7.29 and a beta of 1.77. NVIDIA Co. has a 12-month low of $108.13 and a 12-month high of $289.46. The company has a quick ratio of 2.74, a current ratio of 3.39 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $162.10 and a 200 day moving average price of $153.77.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.82 billion. NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. The firm’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. On average, research analysts anticipate that NVIDIA Co. will post 2.19 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, November 30th. NVIDIA’s dividend payout ratio is 6.81%.

NVIDIA Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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