Allen Mooney & Barnes Investment Advisors LLC Purchases 650 Shares of NVIDIA Co. (NASDAQ:NVDA)

Allen Mooney & Barnes Investment Advisors LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,242 shares of the computer hardware maker’s stock after purchasing an additional 650 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in NVIDIA were worth $1,375,000 as of its most recent SEC filing.

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

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the company’s stock in a transaction on Monday, November 25th. The stock was 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. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on 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 sale, the director now directly 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.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NVDA shares. Evercore ISI increased their price target on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. DA Davidson boosted their price target on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Phillip Securities reiterated an “accumulate” rating and issued a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Tigress Financial raised NVIDIA from a “buy” rating to a “strong-buy” rating and upped their price objective for the company from $170.00 to $220.00 in a research report on Tuesday. Finally, TD Cowen lifted their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.23.

NVIDIA Price Performance

NVDA stock opened at $120.07 on Friday. The stock has a market cap of $2.94 trillion, a PE ratio of 47.25, a P/E/G ratio of 2.23 and a beta of 1.64. The company has a 50-day moving average price of $137.02 and a 200 day moving average price of $129.37. NVIDIA Co. has a 12 month low of $60.70 and a 12 month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 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.