Advisor OS LLC Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Advisor OS LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 10.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 13,223 shares of the computer hardware maker’s stock after purchasing an additional 1,302 shares during the period. NVIDIA makes up approximately 0.9% of Advisor OS LLC’s investment portfolio, making the stock its 23rd largest position. Advisor OS LLC’s holdings in NVIDIA were worth $5,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of NVIDIA by 84,165.9% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,389,779,605 shares of the computer hardware maker’s stock worth $587,904,569,000 after purchasing an additional 1,388,130,327 shares during the period. Geode Capital Management LLC boosted its position in shares of NVIDIA by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 47,459,414 shares of the computer hardware maker’s stock worth $20,022,108,000 after purchasing an additional 1,403,401 shares during the period. Morgan Stanley lifted its holdings in NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after buying an additional 4,621,002 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth approximately $3,900,874,000. Finally, Moneta Group Investment Advisors LLC lifted its holdings in NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after buying an additional 19,574,443 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of NVIDIA from $560.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Piper Sandler reiterated an “overweight” rating and set a $620.00 target price on shares of NVIDIA in a report on Friday, November 17th. Stifel Nicolaus reiterated a “buy” rating and set a $600.00 target price on shares of NVIDIA in a report on Friday, November 17th. JPMorgan Chase & Co. increased their target price on shares of NVIDIA from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. Finally, Edward Jones lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $608.30.

Get Our Latest Research Report on NVIDIA

Insider Activity

In other news, Director John Dabiri sold 218 shares of NVIDIA stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $484.99, for a total value of $105,727.82. Following the sale, the director now owns 2,183 shares of the company’s stock, valued at $1,058,733.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 218 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the sale, the director now directly owns 2,183 shares in the company, valued at approximately $1,058,733.17. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock valued at $79,810,950 over the last quarter. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Trading Down 2.0 %

Shares of NVIDIA stock opened at $615.27 on Thursday. NVIDIA Co. has a 1 year low of $189.50 and a 1 year high of $634.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59. The company has a market capitalization of $1.52 trillion, a P/E ratio of 81.17, a PEG ratio of 4.18 and a beta of 1.64. The company’s fifty day moving average is $516.68 and its two-hundred day moving average is $474.45.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.03 by $0.99. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same period last year, the firm posted $0.34 EPS. NVIDIA’s revenue for the quarter was up 205.5% on a year-over-year basis. Analysts forecast that NVIDIA Co. will post 11.07 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Tuesday, December 5th. NVIDIA’s payout ratio is 2.11%.

NVIDIA Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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