PKS Advisory Services LLC Invests $3.39 Million in NVIDIA Co. (NASDAQ:NVDA)

PKS Advisory Services LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 25,271 shares of the computer hardware maker's stock, valued at approximately $3,394,000. NVIDIA makes up 0.9% of PKS Advisory Services LLC's investment portfolio, making the stock its 21st largest position.

A number of other large investors have also added to or reduced their stakes in the company. Prestige Wealth Management Group LLC grew its holdings in NVIDIA by 14.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 56,365 shares of the computer hardware maker's stock valued at $7,569,000 after purchasing an additional 6,965 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in NVIDIA by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 89,866 shares of the computer hardware maker's stock valued at $12,068,000 after purchasing an additional 4,022 shares in the last quarter. Syverson Strege & Co acquired a new stake in NVIDIA during the 4th quarter valued at $776,000. WorthPointe LLC grew its holdings in NVIDIA by 7.7% during the 4th quarter. WorthPointe LLC now owns 7,219 shares of the computer hardware maker's stock valued at $969,000 after purchasing an additional 519 shares in the last quarter. Finally, Heritage Wealth Management Inc. CA grew its holdings in NVIDIA by 29.9% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 9,047 shares of the computer hardware maker's stock worth $1,215,000 after acquiring an additional 2,084 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVDA. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Benchmark restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $164.96.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $108.76 on Tuesday. NVIDIA Co. has a one year low of $81.25 and a one year high of $195.95. The stock has a fifty day moving average of $112.60 and a 200-day moving average of $128.76. The company has a market capitalization of $2.65 trillion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last quarter. Company insiders own 4.23% of the company's stock.

About NVIDIA

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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