NVIDIA Corporation $NVDA Shares Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 827,833 shares of the computer hardware maker’s stock after purchasing an additional 11,899 shares during the quarter. NVIDIA comprises about 7.4% of HighPoint Advisor Group LLC’s portfolio, making the stock its 2nd biggest position. HighPoint Advisor Group LLC’s holdings in NVIDIA were worth $154,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. HORAN Wealth LLC increased its stake in shares of NVIDIA by 104.1% in the 3rd quarter. HORAN Wealth LLC now owns 50,989 shares of the computer hardware maker’s stock valued at $9,514,000 after buying an additional 26,007 shares during the period. Linscomb Wealth Inc. boosted its holdings in NVIDIA by 13.4% in the third quarter. Linscomb Wealth Inc. now owns 40,312 shares of the computer hardware maker’s stock valued at $7,521,000 after acquiring an additional 4,774 shares during the last quarter. Bessemer Group Inc. increased its position in NVIDIA by 4.5% in the third quarter. Bessemer Group Inc. now owns 23,113,037 shares of the computer hardware maker’s stock worth $4,312,433,000 after purchasing an additional 1,002,089 shares during the period. IMG Wealth Management Inc. raised its holdings in NVIDIA by 1.4% during the 3rd quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock worth $713,000 after purchasing an additional 54 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in NVIDIA by 1.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,625,342 shares of the computer hardware maker’s stock valued at $489,836,000 after purchasing an additional 39,519 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

NVIDIA Trading Down 4.2%

NASDAQ:NVDA opened at $177.19 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The business’s 50-day simple moving average is $186.43 and its 200-day simple moving average is $183.86. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The stock has a market capitalization of $4.31 trillion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 0.52 and a beta of 2.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 110.96%. The firm had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. During the same period last year, the company posted $0.89 EPS. The business’s quarterly revenue was up 73.2% on a year-over-year basis. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.82%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVDA. Truist Financial boosted their price target on shares of NVIDIA from $275.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday. Susquehanna increased their price target on NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday, November 20th. Cantor Fitzgerald restated an “overweight” rating on shares of NVIDIA in a research report on Monday, February 23rd. Wolfe Research upped their price objective on NVIDIA from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of NVIDIA in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $271.86.

Check Out Our Latest Stock Report on NVDA

Insider Activity

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the transaction, the director directly owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 200,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $187.82, for a total value of $37,564,000.00. Following the completion of the sale, the executive vice president directly owned 3,818,547 shares in the company, valued at approximately $717,199,497.54. This represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,610,848 shares of company stock worth $291,619,375. 4.17% of the stock is currently owned by insiders.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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