JNBA Financial Advisors Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

JNBA Financial Advisors cut its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 984 shares of the computer hardware maker’s stock after selling 34 shares during the quarter. JNBA Financial Advisors’ holdings in NVIDIA were worth $428,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Lwmg LLC lifted its holdings in NVIDIA by 2.5% in the third quarter. Lwmg LLC now owns 1,526 shares of the computer hardware maker’s stock valued at $664,000 after acquiring an additional 37 shares during the period. Whitener Capital Management Inc. lifted its holdings in NVIDIA by 9.5% in the third quarter. Whitener Capital Management Inc. now owns 10,989 shares of the computer hardware maker’s stock valued at $4,780,000 after acquiring an additional 952 shares during the period. MKP Capital Management L.L.C. acquired a new position in NVIDIA in the third quarter valued at approximately $10,005,000. Benedetti & Gucer Inc. lifted its holdings in NVIDIA by 3.3% in the third quarter. Benedetti & Gucer Inc. now owns 11,057 shares of the computer hardware maker’s stock valued at $4,809,000 after acquiring an additional 357 shares during the period. Finally, Broad Peak Investment Holdings Ltd. acquired a new position in NVIDIA in the third quarter valued at approximately $80,691,000. 64.79% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ NVDA opened at $615.27 on Thursday. The stock has a market cap of $1.52 trillion, a PE ratio of 81.17, a P/E/G ratio of 4.18 and a beta of 1.64. The company has a current ratio of 3.59, a quick ratio of 3.06 and a debt-to-equity ratio of 0.25. NVIDIA Co. has a twelve month low of $189.50 and a twelve month high of $634.93. The stock has a fifty day simple moving average of $516.68 and a 200-day simple moving average of $474.45.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same period in the prior year, the business posted $0.34 EPS. The company’s revenue was up 205.5% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Co. will post 11.07 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

NVDA has been the subject of several research analyst reports. Truist Financial upped their target price on NVIDIA from $668.00 to $674.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. StockNews.com initiated coverage on NVIDIA in a research note on Thursday, October 5th. They set a “hold” rating for the company. DA Davidson initiated coverage on NVIDIA in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 target price for the company. Edward Jones downgraded NVIDIA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $600.00 target price on shares of NVIDIA in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $608.30.

Check Out Our Latest Stock Analysis on NVDA

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 10,400 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $481.60, for a total transaction of $5,008,640.00. Following the completion of the transaction, the director now directly owns 979,431 shares in the company, valued at approximately $471,693,969.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the sale, the director now owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,400 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $481.60, for a total value of $5,008,640.00. Following the completion of the sale, the director now directly owns 979,431 shares in the company, valued at approximately $471,693,969.60. The disclosure for this sale can be found here. Insiders sold 155,216 shares of company stock worth $79,810,950 in the last three months. 3.99% of the stock is owned by company insiders.

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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