Nvest Financial LLC Buys 9,780 Shares of NVIDIA Co. (NASDAQ:NVDA)

Nvest Financial LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 68.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,156 shares of the computer hardware maker’s stock after acquiring an additional 9,780 shares during the period. NVIDIA accounts for 1.6% of Nvest Financial LLC’s portfolio, making the stock its 16th largest position. Nvest Financial LLC’s holdings in NVIDIA were worth $3,244,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NVDA. Christopher J. Hasenberg Inc bought a new stake in shares of NVIDIA in the third quarter worth $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NVIDIA in the second quarter valued at $31,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $34,000. West Financial Advisors LLC acquired a new position in shares of NVIDIA in the third quarter valued at about $36,000. Finally, DHJJ Financial Advisors Ltd. grew its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 4.1 %

NVDA opened at $134.35 on Monday. The stock has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.76 and a beta of 1.62. The firm has a 50 day moving average price of $134.66 and a 200-day moving average price of $131.56. NVIDIA Co. has a twelve month low of $74.22 and a twelve month high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

Several research firms have weighed in on NVDA. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Tuesday, January 7th. Evercore ISI upped their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Raymond James upped their target price on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Finally, HSBC decreased their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.21.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Company insiders own 4.23% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.