AdvisorNet Financial Inc reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,184 shares of the computer hardware maker's stock after selling 5,947 shares during the period. NVIDIA makes up about 1.4% of AdvisorNet Financial Inc's holdings, making the stock its 12th biggest holding. AdvisorNet Financial Inc's holdings in NVIDIA were worth $16,945,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. raised its stake in shares of NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock valued at $782,000 after purchasing an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. raised its stake in NVIDIA by 900.0% during the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker's stock worth $445,000 after acquiring an additional 3,240 shares during the period. Tobam raised its stake in NVIDIA by 811.4% during the second quarter. Tobam now owns 41,489 shares of the computer hardware maker's stock worth $5,126,000 after acquiring an additional 36,937 shares during the period. Heritage Family Offices LLP acquired a new stake in NVIDIA during the second quarter worth about $257,000. Finally, GraniteShares Advisors LLC raised its stake in NVIDIA by 2,855.6% during the second quarter. GraniteShares Advisors LLC now owns 1,330,000 shares of the computer hardware maker's stock worth $164,308,000 after acquiring an additional 1,285,000 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. UBS Group increased their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Stifel Nicolaus upped their target price on shares of NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Robert W. Baird upped their target price on shares of NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Rosenblatt Securities restated a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a research report on Wednesday, January 8th. Finally, Benchmark restated a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $166.23.
Check Out Our Latest Research Report on NVDA
NVIDIA Price Performance
Shares of NASDAQ:NVDA traded up $1.05 during midday trading on Thursday, reaching $124.75. 390,509,528 shares of the company's stock were exchanged, compared to its average volume of 292,494,438. NVIDIA Co. has a 12 month low of $60.70 and a 12 month high of $153.13. The firm has a market capitalization of $3.06 trillion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. 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's 50 day simple moving average is $137.46 and its two-hundred day simple moving average is $129.40.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share 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 during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The company's revenue was up 93.6% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's dividend payout ratio is 1.57%.
Insider Transactions at NVIDIA
In related news, Director John Dabiri sold 716 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last quarter. 4.23% of the stock is owned by company insiders.
NVIDIA 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.
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