Mutual Advisors LLC Acquires Shares of NVIDIA Co. (NASDAQ:NVDA)

Mutual Advisors LLC Acquires Shares of NVIDIA Co. (NASDAQ:NVDA)


Mutual Advisors LLC grew its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,165 shares of the computer hardware maker’s stock after acquiring an additional 579 shares during the quarter. NVIDIA comprises approximately 0.6% of Mutual Advisors LLC’s portfolio, making the stock its 19th biggest position. Mutual Advisors LLC’s holdings in NVIDIA were worth $16,919,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NVDA. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA during the third quarter worth $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the third quarter worth $30,000. Trivant Custom Portfolio Group LLC lifted its holdings in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $52,000. Finally, Quarry LP acquired a new stake in shares of NVIDIA during the first quarter worth $34,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Insiders sold a total of 104,774 shares of company stock worth $64,322,528 over the last 90 days. 3.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NVDA has been the subject of a number of research analyst reports. Needham & Company LLC raised their price target on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. Raymond James raised their price target on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. raised their price target on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company lifted their price objective on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $908.68.

Get Our Latest Stock Report on NVIDIA

NVIDIA Price Performance

Shares of NVDA opened at $950.02 on Tuesday. The company has a market cap of $2.38 trillion, a P/E ratio of 79.57, a PEG ratio of 1.36 and a beta of 1.73. The stock has a fifty day moving average price of $743.67 and a 200 day moving average price of $562.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 12 month low of $258.50 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 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 firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the prior year, the business earned $0.65 EPS. The firm’s revenue was up 265.3% on a year-over-year basis. On average, research analysts forecast that NVIDIA Co. will post 22.4 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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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