NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 589,546 shares of the computer hardware maker's stock after purchasing an additional 59,906 shares during the period. NVIDIA makes up 1.5% of Foundations Investment Advisors LLC's holdings, making the stock its 15th biggest position. Foundations Investment Advisors LLC's holdings in NVIDIA were worth $79,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. increased its holdings in shares of NVIDIA by 897.5% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 119,110 shares of the computer hardware maker's stock valued at $14,715,000 after purchasing an additional 107,169 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in NVIDIA by 683.9% in the second quarter. Westwood Holdings Group Inc. now owns 238,829 shares of the computer hardware maker's stock valued at $29,505,000 after buying an additional 208,362 shares in the last quarter. Palisade Asset Management LLC boosted its stake in shares of NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after acquiring an additional 75 shares in the last quarter. Blue Square Asset Management LLC grew its position in shares of NVIDIA by 26.7% during the 3rd quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock valued at $5,840,000 after acquiring an additional 10,136 shares during the period. Finally, Narwhal Capital Management increased its stake in shares of NVIDIA by 5.1% in the 3rd quarter. Narwhal Capital Management now owns 545,676 shares of the computer hardware maker's stock valued at $66,267,000 after purchasing an additional 26,373 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Down 4.1 %

Shares of NASDAQ NVDA traded down $5.76 during trading on Friday, reaching $134.35. The stock had a trading volume of 226,998,737 shares, compared to its average volume of 265,515,719. The business's 50-day moving average price is $134.66 and its 200-day moving average price is $130.91. NVIDIA Co. has a fifty-two week low of $74.22 and a fifty-two week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market cap of $3.29 trillion, a P/E ratio of 52.87, a PEG ratio of 1.75 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The business's revenue for the quarter was up 93.6% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the company's stock in a transaction dated Friday, December 13th. The stock was 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 in the company, 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. Over the last quarter, insiders sold 1,108,348 shares of company stock worth $146,506,958. Corporate insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVDA. JPMorgan Chase & Co. increased their price target on NVIDIA from $155.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Wells Fargo & Company boosted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Needham & Company LLC increased their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Redburn Atlantic began coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They set a "buy" rating and a $178.00 price target for the company. Finally, Stifel Nicolaus lifted their price objective on NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $168.21.

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.