NVIDIA Co. (NASDAQ:NVDA) Holdings Decreased by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 993 shares of the computer hardware maker’s stock after selling 48 shares during the quarter. Elevated Capital Advisors LLC’s holdings in NVIDIA were worth $492,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NVDA. United Bank grew its holdings in NVIDIA by 28.9% during the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after acquiring an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in NVIDIA by 6.8% in 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 in the last quarter. MAS Advisors LLC increased its stake in NVIDIA by 42.1% in 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 in the last quarter. Navis Wealth Advisors LLC increased its stake in NVIDIA by 205.3% in the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in NVIDIA in the 1st quarter worth about $929,000. 64.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Stevens sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the sale, the director now directly owns 1,134,583 shares in the company, valued at $620,560,171.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the sale, the director now directly owns 1,134,583 shares in the company, valued at $620,560,171.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 35,648 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were 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 owns 1,189,083 shares in the company, valued at $645,588,833.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,774 shares of company stock worth $74,323,328. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Truist Financial lifted their price target on NVIDIA from $691.00 to $911.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Morgan Stanley lifted their target price on NVIDIA from $750.00 to $795.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Wells Fargo & Company lifted their target price on NVIDIA from $675.00 to $840.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Craig Hallum lifted their target price on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Mizuho lifted their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $829.66.

Get Our Latest Analysis on NVDA

NVIDIA Stock Down 0.1 %

Shares of NVDA stock opened at $878.37 on Friday. NVIDIA Co. has a 12 month low of $238.94 and a 12 month high of $974.00. The firm has a market cap of $2.20 trillion, a PE ratio of 73.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.73. The stock has a 50 day moving average of $706.74 and a 200-day moving average of $547.32. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.65 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 21.77 EPS for the current year.

NVIDIA Announces Dividend

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

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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