NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,699 shares of the computer hardware maker’s stock after purchasing an additional 1,925 shares during the quarter. NVIDIA makes up approximately 1.0% of Acorn Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding. Acorn Wealth Advisors LLC’s holdings in NVIDIA were worth $2,392,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NVDA. Lantz Financial LLC boosted its position in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after acquiring an additional 36,774 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in NVIDIA by 896.9% during the second 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 during the last quarter. DT Investment Partners LLC boosted its holdings in shares of NVIDIA by 981.9% in the 2nd quarter. DT Investment Partners LLC now owns 25,230 shares of the computer hardware maker’s stock valued at $3,117,000 after purchasing an additional 22,898 shares during the last quarter. Arcus Capital Partners LLC boosted its holdings in shares of NVIDIA by 764.2% in the 2nd quarter. Arcus Capital Partners LLC now owns 12,496 shares of the computer hardware maker’s stock valued at $1,544,000 after purchasing an additional 11,050 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of NVIDIA by 877.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 2,148,200 shares of the computer hardware maker’s stock valued at $265,389,000 after purchasing an additional 1,928,500 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 3.0 %

NASDAQ NVDA opened at $135.91 on Friday. NVIDIA Co. has a one year low of $53.56 and a one year high of $153.13. The company has a 50-day simple moving average of $139.90 and a 200-day simple moving average of $128.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $3.33 trillion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. On average, equities analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

Insiders Place Their Bets

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 3,902,888 shares in the company, valued at $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. In the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on NVDA. Redburn Atlantic began coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target on the stock. Piper Sandler lifted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Morgan Stanley lifted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Robert W. Baird lifted their price target on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a report on Wednesday. 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. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

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.