NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by PCA Investment Advisory Services Inc.

PCA Investment Advisory Services Inc. raised its position in NVIDIA Co. (NASDAQ:NVDA) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,199 shares of the computer hardware maker’s stock after buying an additional 349 shares during the quarter. NVIDIA comprises about 0.6% of PCA Investment Advisory Services Inc.’s holdings, making the stock its 29th largest position. PCA Investment Advisory Services Inc.’s holdings in NVIDIA were worth $1,370,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Ironwood Wealth Management LLC. boosted its stake in shares of NVIDIA by 896.9% in the second 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. lifted its holdings in NVIDIA by 900.0% in the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after acquiring an additional 3,240 shares during the period. Heritage Family Offices LLP purchased a new stake in shares of NVIDIA during the 2nd quarter worth $257,000. Guidance Capital Inc. grew its stake in shares of NVIDIA by 984.8% during the 2nd quarter. Guidance Capital Inc. now owns 5,424 shares of the computer hardware maker’s stock worth $635,000 after purchasing an additional 4,924 shares during the period. Finally, Rice Partnership LLC increased its holdings in shares of NVIDIA by 911.0% in the 2nd quarter. Rice Partnership LLC now owns 188,016 shares of the computer hardware maker’s stock valued at $23,228,000 after purchasing an additional 169,419 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.8 %

NASDAQ:NVDA opened at $124.75 on Friday. The business’s 50-day simple moving average is $137.46 and its 200 day simple moving average is $129.40. NVIDIA Co. has a one year low of $60.70 and a one year high of $153.13. The stock has a market cap of $3.06 trillion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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 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 business’s revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, sell-side analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction 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 completion of the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This 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 valued at $146,506,958 in the last quarter. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Monday. Mizuho upped their price target on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. HSBC reduced their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Loop Capital reissued a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Finally, TD Cowen lifted their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.23.

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.