NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 289.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,163 shares of the computer hardware maker’s stock after purchasing an additional 864 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in NVIDIA were worth $241,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Savior LLC boosted its position in shares of NVIDIA by 8.6% in the second quarter. Savior LLC now owns 227 shares of the computer hardware maker’s stock worth $182,000 after buying an additional 18 shares during the period. WNY Asset Management LLC boosted its holdings in shares of NVIDIA by 4.2% during the second quarter. WNY Asset Management LLC now owns 492 shares of the computer hardware maker’s stock worth $394,000 after purchasing an additional 20 shares during the period. Weaver Consulting Group boosted its holdings in shares of NVIDIA by 5.5% during the second quarter. Weaver Consulting Group now owns 535 shares of the computer hardware maker’s stock worth $428,000 after purchasing an additional 28 shares during the period. First National Bank of South Miami grew its position in NVIDIA by 4.2% during the second quarter. First National Bank of South Miami now owns 899 shares of the computer hardware maker’s stock valued at $719,000 after purchasing an additional 36 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. increased its stake in NVIDIA by 2.6% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 1,655 shares of the computer hardware maker’s stock valued at $1,324,000 after buying an additional 42 shares during the period. 19.24% of the stock is owned by institutional investors.

Shares of NASDAQ:NVDA opened at $326.74 on Thursday. The firm has a market capitalization of $814.24 billion, a PE ratio of 116.48, a PEG ratio of 4.45 and a beta of 1.46. The company has a current ratio of 5.80, a quick ratio of 5.33 and a debt-to-equity ratio of 0.52. NVIDIA Co. has a 1-year low of $115.67 and a 1-year high of $346.47. The business’s 50 day moving average is $248.30 and its 200-day moving average is $210.84.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 EPS for the quarter, topping the consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 40.88% and a net margin of 32.33%. During the same period in the previous year, the company earned $0.60 earnings per share. On average, sell-side analysts predict that NVIDIA Co. will post 3.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 23rd. Investors of record on Thursday, December 2nd will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend is Wednesday, December 1st. NVIDIA’s dividend payout ratio is 5.70%.

In other NVIDIA news, Director Persis Drell sold 10,000 shares of the stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $326.65, for a total transaction of $3,266,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 58,000 shares of NVIDIA stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $342.58, for a total value of $19,869,640.00. The disclosure for this sale can be found here. Insiders sold 78,000 shares of company stock worth $25,222,940 over the last quarter. Company insiders own 4.47% of the company’s stock.

Several research firms have recently commented on NVDA. Truist Securities boosted their price target on shares of NVIDIA from $360.00 to $389.00 and gave the company a “buy” rating in a report on Thursday, November 18th. Bank of America upped their target price on NVIDIA from $340.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. Truist lifted their target price on shares of NVIDIA from $360.00 to $389.00 and gave the company a “buy” rating in a research note on Thursday, November 18th. Rosenblatt Securities upped their price target on NVIDIA from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, August 19th. Finally, Raymond James raised their price objective on NVIDIA from $225.00 to $365.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 18th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of “Buy” and an average price target of $326.78.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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