Plotkin Financial Advisors LLC Invests $2.38 Million in NVIDIA Co. (NASDAQ:NVDA)

Plotkin Financial Advisors LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,609 shares of the computer hardware maker’s stock, valued at approximately $2,381,000. NVIDIA accounts for about 1.4% of Plotkin Financial Advisors LLC’s holdings, making the stock its 19th largest position.

Several other hedge funds have also recently bought and sold shares of the business. Kitching Partners LLC acquired a new position in shares of NVIDIA in the 3rd quarter valued at about $534,000. Boxwood Ventures Inc. purchased a new position in NVIDIA during the third quarter valued at approximately $1,464,000. Maverick Capital Ltd. grew its position in NVIDIA by 15.7% during the third quarter. Maverick Capital Ltd. now owns 2,368,091 shares of the computer hardware maker’s stock valued at $287,581,000 after purchasing an additional 320,808 shares in the last quarter. Widmann Financial Services Inc. increased its stake in NVIDIA by 18.7% in the 3rd quarter. Widmann Financial Services Inc. now owns 2,398 shares of the computer hardware maker’s stock valued at $291,000 after buying an additional 378 shares during the period. Finally, Encompass More Asset Management lifted its position in NVIDIA by 60.6% in the 3rd quarter. Encompass More Asset Management now owns 18,102 shares of the computer hardware maker’s stock worth $2,198,000 after buying an additional 6,828 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVDA opened at $131.76 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $54.74 and a 12-month high of $153.13. The firm has a 50 day moving average of $139.68 and a two-hundred day moving average of $128.82. The firm has a market capitalization of $3.23 trillion, a PE ratio of 51.85, a P/E/G ratio of 2.43 and a beta of 1.64.

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

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. Citigroup raised their price target on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. HSBC cut their price objective on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial boosted their target price on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, Morgan Stanley lifted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Four research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.27.

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.