Continuum Advisory LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Continuum Advisory LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,022 shares of the computer hardware maker’s stock after purchasing an additional 543 shares during the period. NVIDIA accounts for about 1.3% of Continuum Advisory LLC’s investment portfolio, making the stock its 14th biggest holding. Continuum Advisory LLC’s holdings in NVIDIA were worth $10,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd lifted its position in NVIDIA by 36.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 174,374 shares of the computer hardware maker’s stock valued at $21,176,000 after acquiring an additional 46,279 shares during the period. Drucker Wealth 3.0 LLC boosted its position in shares of NVIDIA by 22.4% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 20,424 shares of the computer hardware maker’s stock worth $2,480,000 after purchasing an additional 3,744 shares in the last quarter. Hamilton Capital LLC grew its stake in shares of NVIDIA by 3.5% in the 3rd quarter. Hamilton Capital LLC now owns 13,165 shares of the computer hardware maker’s stock worth $1,748,000 after buying an additional 451 shares during the last quarter. SGL Investment Advisors Inc. purchased a new position in NVIDIA during the third quarter valued at $623,000. Finally, EWA LLC boosted its holdings in NVIDIA by 11.9% in the third quarter. EWA LLC now owns 82,182 shares of the computer hardware maker’s stock worth $9,980,000 after acquiring an additional 8,739 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, 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 transaction of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 over the last three months. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVDA opened at $137.71 on Monday. The business has a fifty day moving average of $138.99 and a 200 day moving average of $129.04. The stock has a market cap of $3.37 trillion, a P/E ratio of 54.20, a PEG ratio of 2.45 and a beta of 1.64. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52-week low of $56.11 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio is 1.57%.

Analyst Ratings Changes

NVDA has been the topic of a number of analyst reports. UBS Group upped their price target on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Citigroup increased their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Tuesday, January 7th. Barclays upped their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

NVIDIA Profile

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.