First National Advisers LLC Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)

First National Advisers LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 37.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,210 shares of the computer hardware maker’s stock after purchasing an additional 1,704 shares during the quarter. NVIDIA comprises about 1.1% of First National Advisers LLC’s holdings, making the stock its 25th biggest holding. First National Advisers LLC’s holdings in NVIDIA were worth $754,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. United Bank lifted its stake in NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after acquiring an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in NVIDIA by 6.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after acquiring an additional 249,045 shares during the period. MAS Advisors LLC lifted its stake in NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after acquiring an additional 583 shares during the period. Navis Wealth Advisors LLC lifted its stake in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the period. Finally, Ergoteles LLC bought a new position in NVIDIA during the 1st quarter valued at about $929,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVDA stock traded down $5.52 on Wednesday, reaching $187.13. The company’s stock had a trading volume of 14,403,381 shares, compared to its average volume of 44,565,535. The stock’s fifty day simple moving average is $162.10 and its 200-day simple moving average is $153.77. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46. The company has a market capitalization of $465.95 billion, a price-to-earnings ratio of 81.98, a price-to-earnings-growth ratio of 7.29 and a beta of 1.77. The company has a current ratio of 3.39, a quick ratio of 2.74 and a debt-to-equity ratio of 0.45.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. The business had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The business’s quarterly revenue was down 16.5% on a year-over-year basis. Analysts forecast that NVIDIA Co. will post 2.19 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, November 30th. NVIDIA’s payout ratio is 6.81%.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 120,000 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the sale, the director now owns 1,325,888 shares in the company, valued at approximately $210,604,049.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, Director Mark A. Stevens sold 120,000 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the transaction, the director now owns 1,325,888 shares in the company, valued at $210,604,049.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 45,000 shares of the firm’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $164.70, for a total transaction of $7,411,500.00. Following the completion of the sale, the director now owns 1,190,888 shares of the company’s stock, valued at approximately $196,139,253.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 227,787 shares of company stock worth $36,844,997. 4.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NVDA shares. Cowen increased their price objective on shares of NVIDIA from $200.00 to $220.00 in a research note on Monday, December 12th. Tigress Financial lowered their price objective on shares of NVIDIA from $310.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, December 8th. Susquehanna increased their price objective on shares of NVIDIA from $180.00 to $185.00 and gave the stock a “positive” rating in a research note on Thursday, November 17th. StockNews.com cut NVIDIA from a “hold” rating to a “sell” rating in a research report on Thursday, October 20th. Finally, Oppenheimer lowered their price objective on NVIDIA from $250.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $209.23.

NVIDIA Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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