Keeler Thomas Management LLC Purchases 3,425 Shares of NVIDIA Co. (NASDAQ:NVDA)

Keeler Thomas Management LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 301.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,560 shares of the computer hardware maker’s stock after acquiring an additional 3,425 shares during the quarter. Keeler Thomas Management LLC’s holdings in NVIDIA were worth $944,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Marquette Asset Management LLC boosted its stake in NVIDIA by 300.0% in the 3rd quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker’s stock worth $25,000 after purchasing an additional 90 shares during the period. Global Trust Asset Management LLC boosted its stake in NVIDIA by 300.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 124 shares of the computer hardware maker’s stock worth $26,000 after purchasing an additional 93 shares during the period. PrairieView Partners LLC boosted its stake in NVIDIA by 300.0% in the 3rd quarter. PrairieView Partners LLC now owns 200 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 150 shares during the period. Perkins Coie Trust Co boosted its stake in NVIDIA by 151.7% in the 3rd quarter. Perkins Coie Trust Co now owns 224 shares of the computer hardware maker’s stock worth $46,000 after purchasing an additional 135 shares during the period. Finally, Mascoma Wealth Management LLC bought a new position in NVIDIA in the 3rd quarter worth about $47,000. Institutional investors own 19.24% of the company’s stock.

In other NVIDIA news, Director Robert K. Burgess sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 13th. The stock was sold at an average price of $208.68, for a total value of $2,086,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 58,000 shares of the business’s stock in a transaction on Monday, November 22nd. The stock was 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 have sold 78,000 shares of company stock worth $25,222,940 over the last 90 days. 4.47% of the stock is currently owned by corporate insiders.

Shares of NVDA stock opened at $315.03 on Friday. The firm has a market cap of $785.05 billion, a P/E ratio of 112.31, a P/E/G ratio of 4.45 and a beta of 1.46. NVIDIA Co. has a fifty-two week low of $115.67 and a fifty-two week high of $346.47. The business’s 50 day moving average price is $252.31 and its 200-day moving average price is $213.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.33 and a current ratio of 5.80.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarter last year, the firm earned $0.60 EPS. As a group, equities analysts predict that NVIDIA Co. will post 3.49 EPS for the current year.

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

NVDA has been the topic of several recent analyst reports. Sanford C. Bernstein set a $360.00 price target on NVIDIA in a report on Thursday, November 18th. Susquehanna raised their price target on NVIDIA from $250.00 to $360.00 and gave the company a “positive” rating in a report on Thursday, November 11th. Raymond James raised their price target on NVIDIA from $225.00 to $365.00 and gave the company a “strong-buy” rating in a report on Thursday, November 18th. They noted that the move was a valuation call. Mizuho raised their price target on NVIDIA from $235.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 18th. Finally, Zacks Investment Research raised NVIDIA from a “hold” rating to a “buy” rating and set a $231.00 price target on the stock in a report on Tuesday, August 24th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $326.78.

NVIDIA Profile

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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