Quantum Private Wealth LLC Acquires 166 Shares of NVIDIA Co. (NASDAQ:NVDA)

Quantum Private Wealth LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 10,524 shares of the computer hardware maker’s stock after buying an additional 166 shares during the quarter. NVIDIA makes up 2.2% of Quantum Private Wealth LLC’s holdings, making the stock its 7th largest holding. Quantum Private Wealth LLC’s holdings in NVIDIA were worth $4,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. United Bank boosted its holdings in NVIDIA by 28.9% during the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after buying an additional 1,730 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NVIDIA by 6.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after buying an additional 249,045 shares in the last quarter. MAS Advisors LLC boosted its holdings in NVIDIA by 42.1% during the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after buying an additional 583 shares in the last quarter. Navis Wealth Advisors LLC boosted its holdings in NVIDIA by 205.3% during the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after buying an additional 1,950 shares in the last quarter. Finally, Ergoteles LLC purchased a new stake in NVIDIA during the first quarter worth $929,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 218 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $484.99, for a total value of $105,727.82. Following the sale, the director now directly owns 2,183 shares in the company, valued at $1,058,733.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NVIDIA news, Director Dawn E. Hudson sold 1,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $492.52, for a total value of $492,520.00. Following the sale, the director now directly owns 70,500 shares in the company, valued at $34,722,660. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 218 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $484.99, for a total value of $105,727.82. Following the completion of the sale, the director now owns 2,183 shares in the company, valued at $1,058,733.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,216 shares of company stock worth $79,810,950. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Stock Down 2.0 %

NASDAQ:NVDA opened at $615.27 on Thursday. The company has a quick ratio of 3.06, a current ratio of 3.59 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $516.68 and its two-hundred day moving average is $474.45. NVIDIA Co. has a 52 week low of $189.50 and a 52 week high of $634.93. The stock has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 81.17, a price-to-earnings-growth ratio of 4.18 and a beta of 1.64.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 EPS 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 company had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 205.5% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 11.07 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were paid 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 currently 2.11%.

Analyst Ratings Changes

A number of analysts recently issued reports on NVDA shares. StockNews.com started coverage on shares of NVIDIA in a report on Thursday, October 5th. They set a “hold” rating on the stock. DA Davidson started coverage on shares of NVIDIA in a report on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $620.00 price objective on shares of NVIDIA in a report on Friday, November 17th. UBS Group increased their price objective on shares of NVIDIA from $560.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Finally, Sanford C. Bernstein increased their price objective on shares of NVIDIA from $675.00 to $700.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $608.30.

Get Our Latest Analysis on NVIDIA

About NVIDIA

(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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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