NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 106.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,445 shares of the computer hardware maker’s stock after buying an additional 744 shares during the quarter. Sax Wealth Advisors LLC’s holdings in NVIDIA were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NVDA. Lineweaver Wealth Advisors LLC lifted its position in shares of NVIDIA by 0.9% during the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock worth $1,029,000 after purchasing an additional 22 shares during the last quarter. Family Legacy Inc. lifted its position in shares of NVIDIA by 4.1% during the 3rd quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock worth $241,000 after purchasing an additional 22 shares during the last quarter. Cassia Capital Partners LLC lifted its position in shares of NVIDIA by 2.0% during the 3rd quarter. Cassia Capital Partners LLC now owns 1,193 shares of the computer hardware maker’s stock worth $519,000 after purchasing an additional 23 shares during the last quarter. Yarger Wealth Strategies LLC lifted its position in shares of NVIDIA by 1.9% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 1,210 shares of the computer hardware maker’s stock worth $526,000 after purchasing an additional 23 shares during the last quarter. Finally, LWM Advisory Services LLC lifted its position in shares of NVIDIA by 1.2% during the 2nd quarter. LWM Advisory Services LLC now owns 2,018 shares of the computer hardware maker’s stock worth $855,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

NVIDIA Stock Up 3.6 %

NASDAQ:NVDA opened at $721.33 on Friday. The stock’s fifty day moving average price is $545.55 and its two-hundred day moving average price is $485.46. NVIDIA Co. has a 52-week low of $204.21 and a 52-week high of $721.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59. The company has a market cap of $1.78 trillion, a price-to-earnings ratio of 95.16, a P/E/G ratio of 2.79 and a beta of 1.69.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 2.11%.

Insider Activity

In other news, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the transaction, the director now owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the transaction, the director now owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 35,648 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the transaction, the director now directly owns 1,189,083 shares in the company, valued at approximately $645,588,833.19. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock valued at $79,810,950 in the last 90 days. 3.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on NVIDIA from $600.00 to $675.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Tigress Financial boosted their price target on NVIDIA from $560.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. KeyCorp boosted their price target on NVIDIA from $650.00 to $740.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Benchmark restated a “buy” rating and set a $625.00 price target on shares of NVIDIA in a research note on Wednesday, November 22nd. Finally, DA Davidson began coverage on NVIDIA in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $616.35.

Get Our Latest Analysis on NVIDIA

NVIDIA Profile

(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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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