NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Clarity Financial LLC

Clarity Financial LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 35.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,397 shares of the computer hardware maker’s stock after purchasing an additional 52,111 shares during the period. NVIDIA makes up about 3.2% of Clarity Financial LLC’s holdings, making the stock its 9th biggest position. Clarity Financial LLC’s holdings in NVIDIA were worth $26,643,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Cypress Capital Management LLC WY grew its stake in shares of NVIDIA by 4,501.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 10,353 shares of the computer hardware maker’s stock worth $1,390,000 after purchasing an additional 10,128 shares during the period. Strategic Wealth Investment Group LLC boosted its holdings in NVIDIA by 1.2% during the fourth quarter. Strategic Wealth Investment Group LLC now owns 200,727 shares of the computer hardware maker’s stock worth $26,956,000 after buying an additional 2,341 shares in the last quarter. Cyr Financial Inc. grew its position in NVIDIA by 2.3% during the fourth quarter. Cyr Financial Inc. now owns 5,908 shares of the computer hardware maker’s stock worth $793,000 after buying an additional 133 shares during the period. Dumont & Blake Investment Advisors LLC increased its holdings in NVIDIA by 1.3% in the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 13,363 shares of the computer hardware maker’s stock valued at $1,794,000 after buying an additional 170 shares in the last quarter. Finally, EMC Capital Management increased its holdings in NVIDIA by 37,900.0% in the fourth quarter. EMC Capital Management now owns 19,000 shares of the computer hardware maker’s stock valued at $2,552,000 after buying an additional 18,950 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA 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 sale, the executive vice president now directly owns 3,902,888 shares in the company, 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. In the last quarter, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Trading Down 2.8 %

Shares of NVDA opened at $126.63 on Wednesday. The firm has a market capitalization of $3.10 trillion, a P/E ratio of 49.83, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a twelve month low of $75.61 and a twelve 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. The stock’s fifty day simple moving average is $134.55 and its 200 day simple moving average is $131.89.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. Evercore ISI upped their price target on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Benchmark reiterated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price target on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Loop Capital reiterated a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Finally, Redburn Atlantic started coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price objective on the stock. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $168.21.

NVIDIA 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.