MFA Wealth Advisors LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,783 shares of the computer hardware maker's stock after acquiring an additional 3,574 shares during the period. NVIDIA comprises approximately 1.2% of MFA Wealth Advisors LLC's investment portfolio, making the stock its 24th biggest holding. MFA Wealth Advisors LLC's holdings in NVIDIA were worth $4,537,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB raised its stake in NVIDIA by 2.2% in the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after buying an additional 169,445 shares in the last quarter. Wealth Group Ltd. raised its stake in NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after buying an additional 265 shares in the last quarter. Sanders Morris Harris LLC raised its stake in NVIDIA by 4.9% in the third quarter. Sanders Morris Harris LLC now owns 195,010 shares of the computer hardware maker's stock worth $23,682,000 after buying an additional 9,040 shares in the last quarter. Atlas Private Wealth Advisors grew its holdings in NVIDIA by 6.1% in the third quarter. Atlas Private Wealth Advisors now owns 13,918 shares of the computer hardware maker's stock worth $1,690,000 after purchasing an additional 800 shares during the last quarter. Finally, Morton Capital Management LLC CA grew its holdings in NVIDIA by 36.2% in the third quarter. Morton Capital Management LLC CA now owns 22,942 shares of the computer hardware maker's stock worth $2,786,000 after purchasing an additional 6,101 shares during the last quarter. Institutional investors own 65.27% of the company's stock.
NVIDIA Stock Performance
NVIDIA stock opened at $108.76 on Wednesday. The firm has a 50 day simple moving average of $130.54 and a 200-day simple moving average of $131.42. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's payout ratio is currently 1.36%.
Analyst Upgrades and Downgrades
NVDA has been the topic of several analyst reports. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Morgan Stanley restated an "overweight" rating and set a $162.00 target price (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Evercore ISI boosted their target price on shares of NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of NVIDIA from $155.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $171.69.
Read Our Latest Stock Analysis on NVDA
Insider Buying and Selling
In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares of the company's stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. The trade was a 3.37 % 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
(
Free Report)
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.
See Also
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