Advisors Preferred LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Advisors Preferred LLC bought a new stake in NVIDIA Co. (NASDAQ:NVDAFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,039 shares of the computer hardware maker’s stock, valued at approximately $1,361,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA during the third quarter worth about $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the third quarter worth about $30,000. Marquette Asset Management LLC acquired a new stake in shares of NVIDIA during the second quarter worth about $34,000. Trivant Custom Portfolio Group LLC raised its position in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the period. Finally, Quarry LP acquired a new stake in shares of NVIDIA during the first quarter worth about $34,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $721.33 on Friday. The business has a fifty day simple moving average of $545.55 and a 200 day simple moving average of $485.46. The company has a market capitalization of $1.78 trillion, a PE ratio of 95.16, a price-to-earnings-growth ratio of 2.79 and a beta of 1.69. NVIDIA Co. has a 1 year low of $204.21 and a 1 year high of $721.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.59 and a quick ratio of 3.06.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.03 by $0.99. The firm had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $16.19 billion. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The company’s quarterly revenue was up 205.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. Research analysts expect that NVIDIA Co. will post 11.09 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 6th were issued a $0.04 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is presently 2.11%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Monday, November 27th. The stock was sold at an average price of $483.18, for a total value of $4,831,800.00. Following the completion of the transaction, the director now directly owns 989,831 shares of the company’s stock, valued at approximately $478,266,542.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John Dabiri sold 218 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the completion of the transaction, the director now owns 2,183 shares of the company’s stock, valued at approximately $1,058,733.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $483.18, for a total value of $4,831,800.00. Following the transaction, the director now directly owns 989,831 shares of the company’s stock, valued at approximately $478,266,542.58. The disclosure for this sale can be found here. Insiders sold 155,216 shares of company stock valued at $79,810,950 in the last three months. Corporate insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $600.00 price target on shares of NVIDIA in a research report on Friday, November 17th. Citigroup dropped their target price on NVIDIA from $630.00 to $575.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. Wells Fargo & Company lifted their target price on NVIDIA from $600.00 to $675.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $600.00 target price on shares of NVIDIA in a research report on Friday, November 17th. Finally, Oppenheimer reissued an “outperform” rating and issued a $650.00 target price on shares of NVIDIA in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.35.

Read Our Latest Stock Report on NVIDIA

About NVIDIA

(Free Report)

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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