Resonant Capital Advisors LLC Has $9.26 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Resonant Capital Advisors LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,940 shares of the computer hardware maker’s stock after purchasing an additional 734 shares during the quarter. Resonant Capital Advisors LLC’s holdings in NVIDIA were worth $9,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Financial Partners Group Inc boosted its holdings in shares of NVIDIA by 3.8% in the fourth quarter. Financial Partners Group Inc now owns 42,070 shares of the computer hardware maker’s stock valued at $5,650,000 after buying an additional 1,540 shares during the period. Panoramic Investment Advisors LLC raised its position in NVIDIA by 47.5% during the fourth quarter. Panoramic Investment Advisors LLC now owns 8,930 shares of the computer hardware maker’s stock worth $1,199,000 after acquiring an additional 2,875 shares in the last quarter. Catalina Capital Group LLC raised its position in NVIDIA by 3.2% during the fourth quarter. Catalina Capital Group LLC now owns 110,923 shares of the computer hardware maker’s stock worth $14,896,000 after acquiring an additional 3,477 shares in the last quarter. Princeton Global Asset Management LLC raised its position in NVIDIA by 8.8% during the fourth quarter. Princeton Global Asset Management LLC now owns 21,357 shares of the computer hardware maker’s stock worth $2,868,000 after acquiring an additional 1,722 shares in the last quarter. Finally, JB Capital LLC raised its position in NVIDIA by 64.3% during the fourth quarter. JB Capital LLC now owns 61,045 shares of the computer hardware maker’s stock worth $8,198,000 after acquiring an additional 23,888 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated 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 sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 in the last quarter. 4.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVDA. The Goldman Sachs Group upped their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Raymond James upped their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. TD Cowen upped their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Truist Financial increased their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $169.62.

NVIDIA Stock Performance

NVIDIA stock opened at $124.81 on Friday. The stock has a market cap of $3.05 trillion, a P/E ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. 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 stock has a 50 day moving average of $134.19 and a 200-day moving average of $132.03. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. On average, analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be 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 is Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

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.