PFW Advisors LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,978 shares of the computer hardware maker's stock, valued at approximately $3,354,000. NVIDIA comprises about 1.0% of PFW Advisors LLC's investment portfolio, making the stock its 20th biggest holding.
Several other large investors have also made changes to their positions in NVDA. Miracle Mile Advisors LLC lifted its position in NVIDIA by 27.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 503,974 shares of the computer hardware maker's stock valued at $67,679,000 after purchasing an additional 109,811 shares during the period. Conrad Siegel Investment Advisors Inc. grew its stake in shares of NVIDIA by 4.2% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 8,595 shares of the computer hardware maker's stock worth $1,154,000 after acquiring an additional 346 shares in the last quarter. Horizon Wealth Management LLC grew its stake in shares of NVIDIA by 9.0% during the 4th quarter. Horizon Wealth Management LLC now owns 41,087 shares of the computer hardware maker's stock worth $5,518,000 after acquiring an additional 3,389 shares in the last quarter. Sunflower Bank N.A. grew its stake in shares of NVIDIA by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 18,996 shares of the computer hardware maker's stock worth $2,551,000 after acquiring an additional 176 shares in the last quarter. Finally, Burns J W & Co. Inc. NY grew its stake in shares of NVIDIA by 6.0% during the 4th quarter. Burns J W & Co. Inc. NY now owns 122,959 shares of the computer hardware maker's stock worth $16,512,000 after acquiring an additional 6,946 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
NVIDIA Stock Up 0.8 %
Shares of NVDA traded up $1.05 during trading hours on Thursday, reaching $124.75. The stock had a trading volume of 390,509,528 shares, 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 50-day simple moving average of $137.46 and a 200 day simple moving average of $129.40. 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 company has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 49.09, a P/E/G ratio of 2.65 and a beta of 1.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. Equities research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's payout ratio is currently 1.57%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Citigroup raised their price target on shares of NVIDIA from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Needham & Company LLC increased their price objective on NVIDIA from $145.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Evercore ISI increased their price objective on NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Susquehanna increased their price objective on NVIDIA from $160.00 to $180.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $166.23.
Check Out Our Latest Analysis on NVDA
Insider Activity at NVIDIA
In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the 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 transaction, the director now 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 three months, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by 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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