American Financial Advisors LLC Purchases 334 Shares of NVIDIA Co. (NASDAQ:NVDA)

American Financial Advisors LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,733 shares of the computer hardware maker’s stock after buying an additional 334 shares during the quarter. American Financial Advisors LLC’s holdings in NVIDIA were worth $2,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Montag A & Associates Inc. grew its holdings in shares of NVIDIA by 5.7% during the fourth quarter. Montag A & Associates Inc. now owns 180,551 shares of the computer hardware maker’s stock worth $24,246,000 after purchasing an additional 9,767 shares in the last quarter. Highland Financial Advisors LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $282,000. Wedgewood Investors Inc. PA raised its holdings in shares of NVIDIA by 2.3% during the fourth quarter. Wedgewood Investors Inc. PA now owns 18,135 shares of the computer hardware maker’s stock valued at $2,435,000 after acquiring an additional 405 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of NVIDIA by 0.4% during the fourth quarter. Congress Asset Management Co. now owns 2,675,302 shares of the computer hardware maker’s stock valued at $359,266,000 after acquiring an additional 9,806 shares in the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $1,253,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday. HSBC lowered their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday. Evercore ISI raised their price objective on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Mizuho decreased their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.76.

NVIDIA Stock Performance

NASDAQ NVDA opened at $117.52 on Thursday. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The company’s 50-day simple moving average is $127.71 and its 200 day simple moving average is $131.12. The stock has a market cap of $2.87 trillion, a P/E ratio of 46.25, a PEG ratio of 1.76 and a beta of 1.77. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $38.16 billion. As a group, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The shares were 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 $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,449 shares of company stock valued at $11,960,727. Corporate insiders own 4.23% of the company’s stock.

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.