MKT Advisors LLC Acquires 235 Shares of NVIDIA Co. (NASDAQ:NVDA)

MKT Advisors LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,299 shares of the computer hardware maker’s stock after buying an additional 235 shares during the quarter. NVIDIA makes up about 0.6% of MKT Advisors LLC’s portfolio, making the stock its 29th biggest position. MKT Advisors LLC’s holdings in NVIDIA were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Harrell Investment Partners LLC increased its stake in NVIDIA by 0.3% in the fourth quarter. Harrell Investment Partners LLC now owns 86,604 shares of the computer hardware maker’s stock worth $11,630,000 after purchasing an additional 272 shares during the period. Clarendon Private LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $8,435,000. Embree Financial Group increased its stake in NVIDIA by 0.4% in the 4th quarter. Embree Financial Group now owns 81,629 shares of the computer hardware maker’s stock worth $10,962,000 after buying an additional 300 shares during the period. Avaii Wealth Management LLC lifted its holdings in NVIDIA by 352.9% during the 4th quarter. Avaii Wealth Management LLC now owns 50,205 shares of the computer hardware maker’s stock valued at $6,742,000 after buying an additional 39,120 shares in the last quarter. Finally, Vista Investment Partners LLC lifted its holdings in NVIDIA by 27.6% during the 4th quarter. Vista Investment Partners LLC now owns 40,452 shares of the computer hardware maker’s stock valued at $5,432,000 after buying an additional 8,751 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction 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 $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the 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 sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NVDA shares. Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 target price (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Citigroup upped their target price on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Piper Sandler increased their price target on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Benchmark restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.21.

NVIDIA Stock Up 0.4 %

NVIDIA stock opened at $139.40 on Wednesday. The business’s 50-day simple moving average is $134.52 and its two-hundred day simple moving average is $130.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market cap of $3.41 trillion, a PE ratio of 54.86, a PEG ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a fifty-two week low of $66.25 and a fifty-two week high of $153.13.

NVIDIA (NASDAQ:NVDA) last released 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue was up 93.6% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

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.