NVIDIA Co. (NASDAQ:NVDA) Stake Lifted by Quantum Financial Advisors LLC

Quantum Financial Advisors LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 37.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 43,649 shares of the computer hardware maker’s stock after buying an additional 11,940 shares during the quarter. NVIDIA makes up about 0.8% of Quantum Financial Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Quantum Financial Advisors LLC’s holdings in NVIDIA were worth $5,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Crane Advisory LLC raised its holdings in shares of NVIDIA by 38.3% during the fourth quarter. Crane Advisory LLC now owns 7,075 shares of the computer hardware maker’s stock valued at $1,022,000 after buying an additional 1,960 shares during the last quarter. Tlwm increased its position in NVIDIA by 3.0% in the 4th quarter. Tlwm now owns 10,443 shares of the computer hardware maker’s stock valued at $1,402,000 after acquiring an additional 301 shares during the period. Cardinal Point Capital Management ULC raised its stake in NVIDIA by 154.0% during the 4th quarter. Cardinal Point Capital Management ULC now owns 17,220 shares of the computer hardware maker’s stock valued at $2,313,000 after acquiring an additional 10,440 shares in the last quarter. Wallace Advisory Group LLC boosted its position in NVIDIA by 15.2% during the 4th quarter. Wallace Advisory Group LLC now owns 9,844 shares of the computer hardware maker’s stock worth $1,322,000 after acquiring an additional 1,302 shares during the period. Finally, 180 Wealth Advisors LLC boosted its position in NVIDIA by 9.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 197,087 shares of the computer hardware maker’s stock worth $26,467,000 after acquiring an additional 16,691 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $124.75 on Friday. NVIDIA Co. has a 12-month low of $60.70 and a 12-month high of $153.13. The firm has a market capitalization of $3.06 trillion, a P/E ratio of 49.09, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The stock’s 50 day moving average price is $137.46 and its two-hundred day moving average price is $129.40. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released its 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. 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 analysts’ expectations of $33.15 billion. During the same period in the prior year, the company earned $0.38 EPS. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Barclays raised their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. UBS Group lifted their price target on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley decreased their target price on NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Bank of America reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Four 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $166.23.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated 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 directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction 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 dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by company insiders.

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.