NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Donor Advised Charitable Giving Inc.

Donor Advised Charitable Giving Inc. cut its position in NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 33,051,520 shares of the computer hardware maker’s stock after selling 893,520 shares during the quarter. NVIDIA comprises about 98.5% of Donor Advised Charitable Giving Inc.’s portfolio, making the stock its largest holding. Donor Advised Charitable Giving Inc.’s holdings in NVIDIA were worth $4,013,777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. China Universal Asset Management Co. Ltd. grew its position in shares of NVIDIA by 52.2% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 38,290 shares of the computer hardware maker’s stock valued at $34,597,000 after purchasing an additional 13,135 shares during the period. Affinity Investment Advisors LLC bought a new position in NVIDIA in the first quarter valued at approximately $1,239,000. Ogorek Anthony Joseph NY ADV boosted its holdings in shares of NVIDIA by 29.3% in the first quarter. Ogorek Anthony Joseph NY ADV now owns 485 shares of the computer hardware maker’s stock valued at $438,000 after buying an additional 110 shares during the period. Avalon Advisory Group bought a new stake in shares of NVIDIA during the first quarter worth $236,000. Finally, Valley Wealth Managers Inc. raised its holdings in shares of NVIDIA by 23.4% during the first quarter. Valley Wealth Managers Inc. now owns 1,753 shares of the computer hardware maker’s stock worth $1,584,000 after acquiring an additional 332 shares during the period. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NVDA. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Monday. Mizuho lifted their price objective on shares of NVIDIA from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. DA Davidson reissued a “neutral” rating and issued a $90.00 price objective on shares of NVIDIA in a research report on Thursday, August 29th. Bank of America raised their target price on shares of NVIDIA from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Susquehanna boosted their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $152.40.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $140.15 on Tuesday. The firm has a market cap of $3.44 trillion, a PE ratio of 65.74, a PEG ratio of 1.49 and a beta of 1.66. NVIDIA Co. has a 12-month low of $45.01 and a 12-month high of $149.77. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average price is $131.64 and its two-hundred day moving average price is $120.96.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. During the same quarter last year, the business posted $0.25 EPS. The firm’s revenue for the quarter was up 122.4% on a year-over-year basis. Equities research analysts predict that NVIDIA Co. will post 2.67 earnings per share for the current year.

NVIDIA Cuts Dividend

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

NVIDIA announced that its board has authorized a share buyback plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in 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 usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the sale, the insider now directly owns 492,409 shares in the company, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company’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 transaction of $119,270,000.00. Following the completion of the transaction, the director now owns 5,852,480 shares of the company’s stock, valued at approximately $698,025,289.60. This trade represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,156,270 shares of company stock valued at $254,784,327 in the last 90 days. 4.23% of the stock is owned by corporate insiders.

About 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.