SYM FINANCIAL Corp Purchases 2,698 Shares of NVIDIA Co. (NASDAQ:NVDA)

SYM FINANCIAL Corp grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 12.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,207 shares of the computer hardware maker’s stock after acquiring an additional 2,698 shares during the quarter. NVIDIA comprises 0.4% of SYM FINANCIAL Corp’s holdings, making the stock its 27th largest holding. SYM FINANCIAL Corp’s holdings in NVIDIA were worth $3,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Safe Harbor Fiduciary LLC acquired a new stake in NVIDIA in the 3rd quarter valued at $110,000. SageView Advisory Group LLC raised its holdings in NVIDIA by 0.9% during the third quarter. SageView Advisory Group LLC now owns 124,703 shares of the computer hardware maker’s stock worth $15,144,000 after buying an additional 1,129 shares during the last quarter. Sassicaia Capital Advisers LLC lifted its stake in shares of NVIDIA by 28.6% in the third quarter. Sassicaia Capital Advisers LLC now owns 29,600 shares of the computer hardware maker’s stock valued at $3,595,000 after buying an additional 6,586 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of NVIDIA by 34.3% during the third quarter. Quantinno Capital Management LP now owns 2,680,316 shares of the computer hardware maker’s stock valued at $325,498,000 after buying an additional 685,167 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its position in shares of NVIDIA by 107.0% during the third quarter. Polar Asset Management Partners Inc. now owns 82,800 shares of the computer hardware maker’s stock worth $10,055,000 after acquiring an additional 42,800 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC raised their price target on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Loop Capital reissued a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Stifel Nicolaus lifted their target price on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. DA Davidson upped their price target on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Evercore ISI raised their price objective on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.63.

Insider Activity

In related news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last ninety days. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $137.71 on Friday. NVIDIA Co. has a 12 month low of $56.11 and a 12 month high of $153.13. The stock has a market capitalization of $3.37 trillion, a P/E ratio of 54.20, a PEG ratio of 2.45 and a beta of 1.64. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $139.18 and its 200 day moving average is $128.90.

NVIDIA (NASDAQ:NVDA) last posted its earnings results 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 for 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 business’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

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