Joseph P. Lucia & Associates LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,377 shares of the computer hardware maker's stock after purchasing an additional 2,746 shares during the period. NVIDIA makes up approximately 2.9% of Joseph P. Lucia & Associates LLC's portfolio, making the stock its 6th biggest holding. Joseph P. Lucia & Associates LLC's holdings in NVIDIA were worth $6,631,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new position in shares of NVIDIA during the 3rd quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NVIDIA during the 2nd quarter valued at $31,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter valued at $34,000. West Financial Advisors LLC acquired a new position in shares of NVIDIA during the 3rd quarter valued at $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on NVDA shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a report on Thursday, November 21st. Mizuho boosted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Redburn Atlantic initiated coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a "buy" rating and a $178.00 price objective on the stock. Tigress Financial upgraded shares of NVIDIA from a "buy" rating to a "strong-buy" rating and boosted their price objective for the stock from $170.00 to $220.00 in a report on Tuesday, January 28th. Finally, Morgan Stanley cut their price objective on shares of NVIDIA from $166.00 to $152.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $168.21.
Get Our Latest Report on NVIDIA
Insider Transactions at NVIDIA
In other news, EVP Ajay K. Puri sold 36,462 shares of the company'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 value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's 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 completion of the sale, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Company insiders own 4.23% of the company's stock.
NVIDIA Price Performance
NASDAQ NVDA opened at $134.35 on Friday. NVIDIA Co. has a 52 week low of $74.22 and a 52 week high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62. The company has a 50-day moving average price of $134.66 and a two-hundred day moving average price of $131.14.
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 for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
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.
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