Magnus Financial Group LLC Buys 3,648 Shares of NVIDIA Co. (NASDAQ:NVDA)

Magnus Financial Group LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,262 shares of the computer hardware maker’s stock after purchasing an additional 3,648 shares during the quarter. Magnus Financial Group LLC’s holdings in NVIDIA were worth $5,004,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Ironwood Wealth Management LLC. raised its stake in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after purchasing an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA during the 2nd quarter valued at approximately $31,000. GHP Investment Advisors Inc. increased its stake in NVIDIA by 922.8% in the 2nd quarter. GHP Investment Advisors Inc. now owns 10,361 shares of the computer hardware maker’s stock worth $1,280,000 after acquiring an additional 9,348 shares during the last quarter. WPWealth LLP increased its stake in NVIDIA by 935.9% in the 2nd quarter. WPWealth LLP now owns 9,023 shares of the computer hardware maker’s stock worth $1,115,000 after acquiring an additional 8,152 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC increased its stake in NVIDIA by 716.0% in the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 7,556 shares of the computer hardware maker’s stock worth $933,000 after acquiring an additional 6,630 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NVDA shares. TD Cowen lifted their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Phillip Securities reaffirmed an “accumulate” rating and issued a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Truist Financial lifted their price objective on NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Raymond James lifted their price objective on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $166.23.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by insiders.

NVIDIA Trading Up 3.2 %

Shares of NASDAQ NVDA opened at $135.29 on Friday. 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 stock has a market capitalization of $3.31 trillion, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The business has a fifty day moving average price of $134.78 and a 200 day moving average price of $129.85.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. Equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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