NVIDIA (NASDAQ:NVDA) Stock Acquired Rep. Nancy Pelosi

Representative Nancy Pelosi (D-California) recently bought shares of NVIDIA Co. NASDAQ: NVDA. In a filing disclosed on January 17th, the Representative disclosed that they had bought between $500,001 and $1,000,000 in NVIDIA stock on December 20th.

Representative Nancy Pelosi also recently made the following trade(s):

• Sold $5,000,001 - $25,000,000 in shares of Apple NASDAQ: AAPL on 12/31/2024.
• Sold $1,000,001 - $5,000,000 in shares of NVIDIA NASDAQ: NVDA on 12/31/2024.
• Purchased $1,000,001 - $5,000,000 in shares of Palo Alto Networks NASDAQ: PANW on 12/20/2024.

NVIDIA Stock Up 2.3 %

NVIDIA stock traded up $3.12 during midday trading on Tuesday, reaching $140.83. The company's stock had a trading volume of 194,721,938 shares, compared to its average volume of 222,379,531. NVIDIA Co. has a 52-week low of $58.58 and a 52-week high of $153.13. The stock has a market capitalization of $3.45 trillion, a P/E ratio of 55.42, a PEG ratio of 2.48 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock's 50-day simple moving average is $138.84 and its 200-day simple moving average is $129.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 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 during the quarter, compared to analysts' expectations of $33.15 billion. During the same period last year, the business earned $0.38 EPS. NVIDIA's revenue for the quarter was up 93.6% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA's dividend payout ratio is currently 1.57%.

Institutional Investors Weigh In On NVIDIA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ironwood Wealth Management LLC. grew 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 buying an additional 5,695 shares during the period. Financial Guidance Group Inc. grew its position in NVIDIA by 900.0% in 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. Cohen Investment Advisors LLC increased its stake in NVIDIA by 42.4% during the second quarter. Cohen Investment Advisors LLC now owns 480 shares of the computer hardware maker's stock worth $59,000 after acquiring an additional 143 shares during the last quarter. Callan Family Office LLC raised its position in NVIDIA by 4,836.7% in the second quarter. Callan Family Office LLC now owns 18,710 shares of the computer hardware maker's stock valued at $2,311,000 after purchasing an additional 18,331 shares during the period. Finally, Liontrust Investment Partners LLP lifted its stake in shares of NVIDIA by 714.3% in the 2nd quarter. Liontrust Investment Partners LLP now owns 962,430 shares of the computer hardware maker's stock valued at $118,899,000 after purchasing an additional 844,246 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business'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 value of $131,260,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Melius Research increased their price objective on NVIDIA from $165.00 to $185.00 and gave the company a "buy" rating in a report on Monday, November 11th. TD Cowen lifted their target price on NVIDIA from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Raymond James increased their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus lifted their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.63.

About Representative Pelosi

Nancy Pelosi (Democratic Party) is a member of the U.S. House, representing California's 11th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2025. Pelosi (Democratic Party) is running for re-election to the U.S. House to represent California's 11th Congressional District. She declared candidacy for the primary scheduled on March 5, 2024. Pelosi is the first and only woman to serve as speaker of the House. Pelosi was first elected to the U.S. House in a special election in 1987 to represent California's 5th Congressional District, which she represented until her election to California's 8th Congressional District in 2012. In 2002, she was elected minority leader, becoming the highest-ranking congresswoman of either party in U.S. history. When Democrats took control of the House in 2007, Pelosi made history again with her election as speaker of the House. Pelosi was re-elected speaker of the House in 2019, following the 2018 midterm elections. She served in that role until January 3, 2023. Notable legislation passed during her speakership includes the Affordable Care Act, the American Recovery and Reinvestment Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Lilly Ledbetter Fair Pay Act, and the Don't Ask, Don't Tell Repeal Act. Pelosi is also a prominent Democratic fundraiser, raising more than $700 million for the Democratic Party since becoming a party leader in 2002. Before holding public office, Pelosi served on the Democratic National Committee and as a chair of the California Democratic Party. Nancy Pelosi was born in Baltimore, Maryland. Pelosi graduated from the Institute of Notre Dame in 1958. She earned a bachelor's degree from Trinity College in 1962. Pelosi served as the chair of the California State Democratic Party and the finance chairwoman of the Democratic Senatorial Campaign Committee.

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.