NVIDIA Co. (NASDAQ:NVDA) Stake Lifted by Clarity Wealth Advisors LLC

Clarity Wealth Advisors LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,593 shares of the computer hardware maker’s stock after buying an additional 1,448 shares during the quarter. NVIDIA comprises approximately 2.1% of Clarity Wealth Advisors LLC’s holdings, making the stock its 15th largest position. Clarity Wealth Advisors LLC’s holdings in NVIDIA were worth $7,868,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Seamount Financial Group Inc. grew its stake in NVIDIA by 2.1% during the 4th quarter. Seamount Financial Group Inc. now owns 5,463 shares of the computer hardware maker’s stock worth $734,000 after buying an additional 112 shares during the last quarter. Northstar Group Inc. grew its stake in shares of NVIDIA by 28.0% in the fourth quarter. Northstar Group Inc. now owns 10,170 shares of the computer hardware maker’s stock worth $1,366,000 after purchasing an additional 2,225 shares in the last quarter. Shepherd Financial Partners LLC grew its stake in shares of NVIDIA by 10.7% in the fourth quarter. Shepherd Financial Partners LLC now owns 84,760 shares of the computer hardware maker’s stock worth $11,382,000 after purchasing an additional 8,161 shares in the last quarter. Arcataur Capital Management LLC grew its stake in shares of NVIDIA by 1.0% in the fourth quarter. Arcataur Capital Management LLC now owns 10,480 shares of the computer hardware maker’s stock worth $1,407,000 after purchasing an additional 100 shares in the last quarter. Finally, Appleton Partners Inc. MA grew its stake in shares of NVIDIA by 5.3% in the fourth quarter. Appleton Partners Inc. MA now owns 86,794 shares of the computer hardware maker’s stock worth $11,656,000 after purchasing an additional 4,365 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 1.9 %

NVDA opened at $112.69 on Monday. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. The business has a 50-day moving average of $131.66 and a 200-day moving average of $131.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.75 trillion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Wednesday, November 20th. TD Cowen increased 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. Stifel Nicolaus raised their target price on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Melius Research raised their target price on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Piper Sandler raised their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $171.69.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock valued at $146,405,286 in the last three months. Corporate insiders own 4.23% of the company’s stock.

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.