IFP Advisors Inc Buys 89,751 Shares of NVIDIA Co. (NASDAQ:NVDA)

IFP Advisors Inc lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 34.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 348,845 shares of the computer hardware maker’s stock after acquiring an additional 89,751 shares during the period. NVIDIA comprises approximately 1.5% of IFP Advisors Inc’s holdings, making the stock its 5th largest position. IFP Advisors Inc’s holdings in NVIDIA were worth $46,848,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NVDA. Shariaportfolio Inc. grew its holdings in shares of NVIDIA by 1.7% during the fourth quarter. Shariaportfolio Inc. now owns 38,215 shares of the computer hardware maker’s stock valued at $5,132,000 after buying an additional 638 shares in the last quarter. Hardman Johnston Global Advisors LLC boosted its position in NVIDIA by 6.1% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 738,429 shares of the computer hardware maker’s stock worth $99,164,000 after acquiring an additional 42,753 shares during the period. Mainstay Capital Management LLC ADV grew its stake in NVIDIA by 12.9% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 31,707 shares of the computer hardware maker’s stock valued at $4,258,000 after acquiring an additional 3,617 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of NVIDIA by 0.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 17,365 shares of the computer hardware maker’s stock valued at $2,332,000 after purchasing an additional 140 shares during the period. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $803,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock valued at $22,642,615 over the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Down 1.6 %

Shares of NVDA opened at $109.67 on Monday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The firm has a market capitalization of $2.68 trillion, a P/E ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77. The company has a 50-day simple moving average of $125.01 and a 200-day simple moving average of $131.61. 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 (NASDAQ:NVDA) last released its quarterly earnings data 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 return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. DA Davidson lowered their price target on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. William Blair restated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $171.51.

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.