NVIDIA Co. (NASDAQ:NVDA) is Franklin Street Advisors Inc. NC’s 2nd Largest Position

Franklin Street Advisors Inc. NC lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 783,548 shares of the computer hardware maker’s stock after selling 35,501 shares during the period. NVIDIA comprises 7.0% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 2nd largest holding. Franklin Street Advisors Inc. NC’s holdings in NVIDIA were worth $105,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. ST Germain D J Co. Inc. raised its stake in NVIDIA by 1.4% in the 4th quarter. ST Germain D J Co. Inc. now owns 18,757 shares of the computer hardware maker’s stock valued at $2,519,000 after purchasing an additional 256 shares during the last quarter. Avondale Wealth Management grew its holdings in shares of NVIDIA by 0.9% during the fourth quarter. Avondale Wealth Management now owns 20,380 shares of the computer hardware maker’s stock worth $2,737,000 after buying an additional 175 shares in the last quarter. ORG Partners LLC grew its holdings in shares of NVIDIA by 23.5% during the fourth quarter. ORG Partners LLC now owns 71,958 shares of the computer hardware maker’s stock worth $9,664,000 after buying an additional 13,669 shares in the last quarter. Baker Tilly Wealth Management LLC raised its position in shares of NVIDIA by 0.8% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 58,975 shares of the computer hardware maker’s stock valued at $7,920,000 after buying an additional 469 shares during the last quarter. Finally, Wealth Group Ltd lifted its stake in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent analyst reports. Redburn Atlantic initiated coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price for the company. DA Davidson lifted their price objective on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Stifel Nicolaus lifted their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Susquehanna upped their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $164.63.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last three months. 4.23% of the stock is owned by insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $142.62 on Monday. NVIDIA Co. has a 52-week low of $60.57 and a 52-week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.49 trillion, a price-to-earnings ratio of 56.13, a PEG ratio of 2.65 and a beta of 1.64. The business’s 50 day moving average is $138.72 and its two-hundred day moving average is $129.55.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

NVIDIA Company 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.