NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Heritage Wealth Partners LLC

Heritage Wealth Partners LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,596 shares of the computer hardware maker’s stock after acquiring an additional 896 shares during the quarter. NVIDIA makes up approximately 5.8% of Heritage Wealth Partners LLC’s portfolio, making the stock its 3rd biggest position. Heritage Wealth Partners LLC’s holdings in NVIDIA were worth $4,646,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of NVIDIA during the second quarter worth about $27,000. Christopher J. Hasenberg Inc acquired a new stake in NVIDIA during the 3rd quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. bought a new position in NVIDIA during the 2nd quarter worth approximately $31,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 4th quarter valued at $34,000. Finally, West Financial Advisors LLC acquired a new stake in shares of NVIDIA during the third quarter worth $36,000. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 716 shares of NVIDIA 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 sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. 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 in the last quarter. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $127.80 on Wednesday. NVIDIA Co. has a one year low of $60.70 and a one year high of $153.13. The business has a fifty day moving average price of $138.29 and a 200-day moving average price of $129.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market capitalization of $3.13 trillion, a P/E ratio of 50.29, a PEG ratio of 2.65 and a beta of 1.64.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 yield of 0.03%. NVIDIA’s payout ratio is presently 1.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wedbush upped their target price on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Mizuho raised 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. DA Davidson boosted their target price on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Stifel Nicolaus upped their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $166.23.

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.