NVIDIA Corporation $NVDA Shares Acquired by Hapanowicz & Associates Financial Services Inc

Hapanowicz & Associates Financial Services Inc increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 239.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,598 shares of the computer hardware maker’s stock after purchasing an additional 5,360 shares during the period. NVIDIA accounts for approximately 0.7% of Hapanowicz & Associates Financial Services Inc’s investment portfolio, making the stock its 11th biggest position. Hapanowicz & Associates Financial Services Inc’s holdings in NVIDIA were worth $1,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Winnow Wealth LLC purchased a new stake in NVIDIA during the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC lifted its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter worth approximately $40,000. Sellwood Investment Partners LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth approximately $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new stake in shares of NVIDIA in the second quarter valued at approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $178.11, for a total value of $5,432,355.00. Following the transaction, the chief financial officer owned 1,286,826 shares of the company’s stock, valued at $229,196,578.86. This represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 222,500 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $180.17, for a total value of $40,087,825.00. Following the completion of the sale, the director owned 7,621,453 shares in the company, valued at approximately $1,373,157,187.01. This represents a 2.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,168,120 shares of company stock valued at $210,900,814. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.2%

NVIDIA stock opened at $184.77 on Wednesday. The firm has a market capitalization of $4.49 trillion, a P/E ratio of 37.71, a P/E/G ratio of 0.62 and a beta of 2.33. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The stock’s fifty day simple moving average is $185.60 and its 200-day simple moving average is $184.06.

NVIDIA (NASDAQ:NVDAGet Free Report) last released 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 return on equity of 97.37% and a net margin of 55.60%.The firm had revenue of $68.13 billion during the quarter, compared to analysts’ expectations of $65.56 billion. During the same period in the previous year, the firm posted $0.89 EPS. NVIDIA’s revenue for the quarter was up 73.2% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, March 11th. NVIDIA’s payout ratio is 0.82%.

Wall Street Analyst Weigh In

Several research firms recently commented on NVDA. JPMorgan Chase & Co. increased their price target on NVIDIA from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. HSBC set a $310.00 target price on NVIDIA in a report on Tuesday, February 24th. Stifel Nicolaus set a $250.00 target price on NVIDIA in a research note on Thursday, January 8th. Seaport Research Partners lifted their price target on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a report on Monday, November 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $273.64.

Read Our Latest Analysis on NVDA

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About NVIDIA

(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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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