Archford Capital Strategies LLC reduces its holdings in NVIDIA Co. (NASDAQ: NVDA) by selling 2,241 shares

Archford Capital Strategies LLC reduces its holdings in NVIDIA Co. (NASDAQ: NVDA) by selling 2,241 shares

Archford Capital Strategies LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,221 shares of the computer hardware maker’s stock after selling 2,241 shares during the period. Archford Capital Strategies LLC’s holdings in NVIDIA were worth $3,081,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. United Bank lifted its stake in shares of NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after buying an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after buying an additional 249,045 shares in the last quarter. MAS Advisors LLC lifted its position in NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after purchasing an additional 583 shares during the period. Navis Wealth Advisors LLC increased its stake in shares of NVIDIA by 205.3% in the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at about $929,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Up 0.8 %

Shares of NVIDIA stock traded up $7.13 on Monday, reaching $950.02. 55,026,336 shares of the company’s stock were exchanged, compared to its average volume of 54,130,711. The company has a market capitalization of $2.38 trillion, a P/E ratio of 79.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a 52 week low of $258.50 and a 52 week high of $974.00. The firm’s 50-day moving average is $743.67 and its two-hundred day moving average is $562.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the business earned $0.65 EPS. NVIDIA’s quarterly revenue was up 265.3% compared to the same quarter last year. Sell-side analysts predict that NVIDIA Co. will post 22.4 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date is Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 35,648 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the sale, the director now directly owns 1,189,083 shares of the company’s stock, valued at approximately $645,588,833.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Mark A. Stevens sold 35,648 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the completion of the transaction, the director now owns 1,189,083 shares in the company, valued at approximately $645,588,833.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the transaction, the director now owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. In the last three months, insiders sold 104,774 shares of company stock valued at $64,322,528. 3.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the company a “positive” rating in a report on Tuesday, March 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $910.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Tuesday, March 19th. CICC Research started coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective for the company. Finally, Oppenheimer boosted their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $908.68.

Check Out Our Latest Report on NVDA

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.

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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