Stonegate Investment Group LLC Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Stonegate Investment Group LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,844 shares of the computer hardware maker's stock after acquiring an additional 10,327 shares during the period. Stonegate Investment Group LLC's holdings in NVIDIA were worth $20,391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc acquired a new position in shares of NVIDIA during the 3rd quarter worth $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NVIDIA during the 2nd quarter worth $31,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth $34,000. West Financial Advisors LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth $36,000. Finally, DHJJ Financial Advisors Ltd. raised 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 worth $41,000 after buying an additional 140 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird upped their price target on NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Evercore ISI upped their price target on NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price target on NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a research report on Thursday, November 21st. Stifel Nicolaus upped their price target on NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.21.

Insider Activity at NVIDIA

In other NVIDIA 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 Stock Down 4.1 %

Shares of NVIDIA stock traded down $5.76 on Friday, hitting $134.35. The company had a trading volume of 226,998,737 shares, compared to its average volume of 286,691,776. The stock has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.87, a P/E/G ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 1 year low of $74.22 and a 1 year high of $153.13. The stock has a 50 day moving average of $134.66 and a 200-day moving average of $131.33. 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 issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company's quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Profile

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.