Wealthspire Advisors LLC Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Wealthspire Advisors LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 34.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,554 shares of the computer hardware maker’s stock after acquiring an additional 2,717 shares during the period. Wealthspire Advisors LLC’s holdings in NVIDIA were worth $4,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Peoples Financial Services CORP. purchased a new stake in NVIDIA in the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA in the 3rd quarter valued at $30,000. Marquette Asset Management LLC purchased a new stake in NVIDIA in the 2nd quarter valued at $34,000. Trivant Custom Portfolio Group LLC raised its position in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Finally, MRP Capital Investments LLC purchased a new stake in NVIDIA in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of NVIDIA from $630.00 to $575.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. TD Cowen upped their price objective on shares of NVIDIA from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. DA Davidson initiated coverage on shares of NVIDIA in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 price objective for the company. Rosenblatt Securities restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, November 22nd. Finally, Morgan Stanley upped their price objective on shares of NVIDIA from $603.00 to $750.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $616.35.

Read Our Latest Stock Analysis on NVDA

NVIDIA Trading Up 2.7 %

NVDA opened at $700.99 on Thursday. The firm has a market capitalization of $1.73 trillion, a P/E ratio of 92.48, a P/E/G ratio of 2.78 and a beta of 1.69. The firm’s 50 day moving average is $535.91 and its 200-day moving average is $481.86. NVIDIA Co. has a 52-week low of $204.21 and a 52-week high of $702.20. The company has a quick ratio of 3.06, a current ratio of 3.59 and a debt-to-equity ratio of 0.25.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is currently 2.11%.

Insider Activity

In other news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the sale, the director now owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the sale, the director now owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $483.18, for a total transaction of $4,831,800.00. Following the sale, the director now directly owns 989,831 shares of the company’s stock, valued at approximately $478,266,542.58. The disclosure for this sale can be found here. Insiders have sold 155,216 shares of company stock worth $79,810,950 over the last 90 days. Company insiders own 3.99% of the company’s stock.

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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