NVIDIA Co. (NASDAQ:NVDA) is Stratos Wealth Advisors LLC’s 4th Largest Position

Stratos Wealth Advisors LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 343,398 shares of the computer hardware maker’s stock after purchasing an additional 3,330 shares during the period. NVIDIA accounts for about 1.9% of Stratos Wealth Advisors LLC’s holdings, making the stock its 4th biggest position. Stratos Wealth Advisors LLC’s holdings in NVIDIA were worth $41,702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Stratos Wealth Partners LTD. lifted its holdings in NVIDIA by 1.9% during the third quarter. Stratos Wealth Partners LTD. now owns 1,159,770 shares of the computer hardware maker’s stock worth $140,843,000 after acquiring an additional 21,685 shares during the period. Pachira Investments Inc. increased its position in shares of NVIDIA by 21.5% during the 3rd quarter. Pachira Investments Inc. now owns 6,166 shares of the computer hardware maker’s stock valued at $749,000 after purchasing an additional 1,093 shares during the last quarter. Richard W. Paul & Associates LLC raised its stake in shares of NVIDIA by 0.8% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 21,210 shares of the computer hardware maker’s stock worth $2,576,000 after purchasing an additional 160 shares during the period. Strategic Advocates LLC boosted its holdings in shares of NVIDIA by 10.0% in the 3rd quarter. Strategic Advocates LLC now owns 103,313 shares of the computer hardware maker’s stock worth $12,546,000 after buying an additional 9,402 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in NVIDIA by 10.5% during the third quarter. Inspire Advisors LLC now owns 13,866 shares of the computer hardware maker’s stock valued at $1,684,000 after buying an additional 1,314 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the sale, the insider now directly owns 492,409 shares in the company, valued at $57,370,572.59. This represents a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the transaction, the director now directly owns 5,852,480 shares in the company, valued at $698,025,289.60. This trade represents a 14.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,156,270 shares of company stock valued at $254,784,327. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research reports. Melius Research lifted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday. Wedbush upped their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. Robert W. Baird raised their target price on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, New Street Research upgraded NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Stock Down 3.2 %

NVDA opened at $141.95 on Friday. The business’s fifty day simple moving average is $134.01 and its 200 day simple moving average is $122.28. NVIDIA Co. has a 52 week low of $45.01 and a 52 week high of $152.89. The company has a quick ratio of 3.79, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.48 trillion, a PE ratio of 55.89, a P/E/G ratio of 1.53 and a beta of 1.66.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. As a group, research analysts expect that NVIDIA Co. will post 2.68 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

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.