Investment Management Associates Inc. ADV Acquires New Holdings in NVIDIA Co. (NASDAQ:NVDA)

Investment Management Associates Inc. ADV bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,030 shares of the computer hardware maker’s stock, valued at approximately $368,000. NVIDIA accounts for about 0.1% of Investment Management Associates Inc. ADV’s holdings, making the stock its 25th biggest holding.

Other institutional investors have also made changes to their positions in the company. Lantz Financial LLC boosted its holdings in NVIDIA by 833.1% during the 2nd quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after acquiring an additional 36,774 shares during the period. Redhawk Wealth Advisors Inc. increased its position in shares of NVIDIA by 867.8% during the second quarter. Redhawk Wealth Advisors Inc. now owns 133,136 shares of the computer hardware maker’s stock worth $16,448,000 after acquiring an additional 119,379 shares during the period. 180 Wealth Advisors LLC raised its stake in shares of NVIDIA by 836.3% in the second quarter. 180 Wealth Advisors LLC now owns 184,562 shares of the computer hardware maker’s stock valued at $23,513,000 after acquiring an additional 164,851 shares in the last quarter. Arlington Financial Advisors LLC purchased a new stake in NVIDIA during the 2nd quarter worth about $236,000. Finally, Northcape Capital Pty Ltd raised its position in NVIDIA by 833.9% in the 2nd quarter. Northcape Capital Pty Ltd now owns 55,127 shares of the computer hardware maker’s stock valued at $6,810,000 after purchasing an additional 49,224 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NVDA shares. Bank of America restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Mizuho lifted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. The Goldman Sachs Group increased their target price on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group raised their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.15.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total value of $15,326,250.00. Following the completion of the sale, the director now directly owns 8,255,117 shares of the company’s stock, valued at approximately $1,012,159,895.37. The trade was a 1.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,351,886 shares of company stock worth $176,825,650. 4.23% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA stock opened at $137.01 on Friday. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 53.92, a PEG ratio of 2.43 and a beta of 1.64. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $139.97 and a 200-day moving average of $127.90. NVIDIA Co. has a 12-month low of $47.32 and a 12-month high of $152.89.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, equities analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

About NVIDIA

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.