NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Archvest Wealth Advisors Inc.

Archvest Wealth Advisors Inc. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,378 shares of the computer hardware maker’s stock after acquiring an additional 206 shares during the period. NVIDIA makes up approximately 0.7% of Archvest Wealth Advisors Inc.’s portfolio, making the stock its 27th biggest holding. Archvest Wealth Advisors Inc.’s holdings in NVIDIA were worth $991,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. boosted its stake in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after acquiring an additional 5,695 shares in the last quarter. AMF Tjanstepension AB raised its holdings in NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after purchasing an additional 169,445 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in NVIDIA by 4.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 17,100 shares of the computer hardware maker’s stock worth $2,077,000 after purchasing an additional 670 shares in the last quarter. City Holding Co. grew its holdings in NVIDIA by 4.6% in the third quarter. City Holding Co. now owns 89,165 shares of the computer hardware maker’s stock valued at $10,828,000 after purchasing an additional 3,896 shares during the last quarter. Finally, Reliant Investment Management LLC purchased a new position in shares of NVIDIA in the third quarter valued at $226,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.9 %

NASDAQ NVDA opened at $112.69 on Monday. The firm has a market capitalization of $2.75 trillion, a price-to-earnings ratio of 44.35, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13. The company’s 50 day moving average price is $131.66 and its 200 day moving average price is $131.68.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Analysts Set New Price Targets

NVDA has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. UBS Group upped their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Loop Capital restated a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Finally, Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. 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. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $171.69.

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of the business’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 transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the executive vice president now directly 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 quarter, insiders sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is currently owned by corporate insiders.

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.