IFG Advisory LLC Holds $10.27 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

IFG Advisory LLC Holds .27 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)


IFG Advisory LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,740 shares of the computer hardware maker’s stock after purchasing an additional 419 shares during the period. NVIDIA makes up about 0.8% of IFG Advisory LLC’s portfolio, making the stock its 19th biggest holding. IFG Advisory LLC’s holdings in NVIDIA were worth $10,271,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NVDA. United Bank lifted its holdings in NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 purchasing an additional 249,045 shares during the last quarter. MAS Advisors LLC lifted its holdings in NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after purchasing an additional 583 shares during the last quarter. Navis Wealth Advisors LLC grew its position in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in NVIDIA during the 1st quarter worth $929,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NVDA shares. Craig Hallum boosted their price objective on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Loop Capital initiated coverage on NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective on the stock. Piper Sandler Companies lifted their target price on NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. CICC Research initiated coverage on NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. 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 company’s stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $908.68.

Check Out Our Latest Stock Report on NVDA

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred on 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 owns 50,961 shares in the company, valued at $24,696,719.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred on 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 owns 50,961 shares in the company, valued at $24,696,719.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were 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 owns 48,360 shares in the company, valued at approximately $24,180,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,352 shares of company stock worth $64,853,077. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $903.56 on Friday. The firm has a market cap of $2.26 trillion, a PE ratio of 75.68, a P/E/G ratio of 1.30 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $772.45 and a 200-day moving average of $574.01. NVIDIA Co. has a 12-month low of $262.20 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, sell-side analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

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

About NVIDIA

(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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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