IAM Advisory LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

IAM Advisory LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)


IAM Advisory LLC raised its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,212 shares of the computer hardware maker’s stock after buying an additional 27 shares during the quarter. IAM Advisory LLC’s holdings in NVIDIA were worth $1,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in NVIDIA by 10.0% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 736 shares of the computer hardware maker’s stock worth $365,000 after acquiring an additional 67 shares during the period. Conrad Siegel Investment Advisors Inc. lifted its holdings in NVIDIA by 18.7% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 698 shares of the computer hardware maker’s stock worth $346,000 after acquiring an additional 110 shares during the period. High Pines Wealth Management LLC lifted its holdings in NVIDIA by 3.4% during the fourth quarter. High Pines Wealth Management LLC now owns 1,629 shares of the computer hardware maker’s stock worth $807,000 after acquiring an additional 54 shares during the period. Sweet Financial Partners LLC lifted its holdings in NVIDIA by 4.1% during the fourth quarter. Sweet Financial Partners LLC now owns 1,239 shares of the computer hardware maker’s stock worth $614,000 after acquiring an additional 49 shares during the period. Finally, Oak Harvest Investment Services raised its stake in shares of NVIDIA by 7.5% in the fourth quarter. Oak Harvest Investment Services now owns 7,057 shares of the computer hardware maker’s stock valued at $3,495,000 after buying an additional 493 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Debora Shoquist sold 5,676 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the completion of the transaction, the executive vice president now directly owns 48,360 shares in the company, valued at $24,180,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,774 shares of company stock valued at $64,322,528. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $942.89 on Monday. The company has a market capitalization of $2.36 trillion, a P/E ratio of 78.97, a PEG ratio of 1.36 and a beta of 1.73. The stock’s 50 day moving average is $743.67 and its 200 day moving average is $562.64. NVIDIA Co. has a twelve month low of $258.50 and a twelve month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate 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 firm posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 22.4 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Susquehanna boosted their target price on NVIDIA from $850.00 to $1,050.00 and gave the company a “positive” rating in a research note on Tuesday, March 19th. Citigroup lifted their price target on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Bank of America lifted their price target on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Piper Sandler Companies lifted their price target on NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Finally, Oppenheimer lifted their price target on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Read Our Latest Research 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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