PSI Advisors LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,176 shares of the computer hardware maker’s stock after buying an additional 668 shares during the quarter. NVIDIA makes up 1.3% of PSI Advisors LLC’s investment portfolio, making the stock its 20th largest position. PSI Advisors LLC’s holdings in NVIDIA were worth $4,321,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Marcum Wealth LLC increased its stake in NVIDIA by 0.3% in the fourth quarter. Marcum Wealth LLC now owns 84,234 shares of the computer hardware maker’s stock valued at $11,312,000 after purchasing an additional 282 shares during the last quarter. Gunderson Capital Management Inc. increased its stake in shares of NVIDIA by 3.3% during the 4th quarter. Gunderson Capital Management Inc. now owns 122,402 shares of the computer hardware maker’s stock valued at $16,437,000 after acquiring an additional 3,960 shares during the last quarter. Traveka Wealth LLC increased its stake in shares of NVIDIA by 0.6% during the 4th quarter. Traveka Wealth LLC now owns 35,317 shares of the computer hardware maker’s stock valued at $4,743,000 after acquiring an additional 203 shares during the last quarter. Unique Wealth LLC lifted its holdings in shares of NVIDIA by 10.0% during the 4th quarter. Unique Wealth LLC now owns 37,629 shares of the computer hardware maker’s stock worth $5,053,000 after acquiring an additional 3,428 shares during the period. Finally, BCS Wealth Management boosted its position in shares of NVIDIA by 9.7% in the fourth quarter. BCS Wealth Management now owns 21,309 shares of the computer hardware maker’s stock worth $2,862,000 after acquiring an additional 1,889 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Price Performance
Shares of NASDAQ NVDA opened at $123.43 on Thursday. The business has a 50 day simple moving average of $137.91 and a 200-day simple moving average of $129.44. NVIDIA Co. has a twelve month low of $60.70 and a twelve month high of $153.13. The company has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio is presently 1.57%.
Insider Buying and Selling at NVIDIA
In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on 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 sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by insiders.
Analyst Ratings Changes
NVDA has been the topic of a number of recent analyst reports. HSBC cut their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Robert W. Baird upped their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Redburn Atlantic started coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Monday. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.23.
View Our Latest Stock Report on NVDA
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.
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