White Knight Strategic Wealth Advisors LLC Has $6.21 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

White Knight Strategic Wealth Advisors LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,159 shares of the computer hardware maker’s stock after purchasing an additional 2,689 shares during the period. NVIDIA comprises approximately 5.6% of White Knight Strategic Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position. White Knight Strategic Wealth Advisors LLC’s holdings in NVIDIA were worth $6,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ironwood Wealth Management LLC. grew its holdings in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. boosted its position in shares of NVIDIA by 900.0% during the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock worth $445,000 after acquiring an additional 3,240 shares during the last quarter. Optas LLC grew its stake in NVIDIA by 930.2% during the second quarter. Optas LLC now owns 115,412 shares of the computer hardware maker’s stock valued at $14,258,000 after acquiring an additional 104,209 shares in the last quarter. Independence Bank of Kentucky increased its holdings in NVIDIA by 910.6% in the 2nd quarter. Independence Bank of Kentucky now owns 56,815 shares of the computer hardware maker’s stock valued at $7,019,000 after acquiring an additional 51,193 shares during the last quarter. Finally, Keb Asset Management LLC lifted its stake in NVIDIA by 1,118.6% in the 2nd quarter. Keb Asset Management LLC now owns 2,815 shares of the computer hardware maker’s stock worth $348,000 after purchasing an additional 2,584 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 1.1 %

NASDAQ:NVDA opened at $131.76 on Wednesday. NVIDIA Co. has a 52-week low of $54.74 and a 52-week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $139.68 and a 200-day simple moving average of $128.82. The company has a market capitalization of $3.23 trillion, a PE ratio of 51.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend 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 presently 1.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVDA. Stifel Nicolaus increased their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. DA Davidson raised their target price on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. 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 research note on Monday, November 11th. TD Cowen lifted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Susquehanna upped their target price on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.27.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA 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 sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last 90 days. 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.