NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. boosted its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,694 shares of the computer hardware maker’s stock after acquiring an additional 161 shares during the period. Valmark Advisers Inc.’s holdings in NVIDIA were worth $4,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Peoples Financial Services CORP. purchased a new stake in NVIDIA during the third quarter worth about $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA during the third quarter worth about $30,000. Marquette Asset Management LLC purchased a new stake in NVIDIA during the second quarter worth about $34,000. Trivant Custom Portfolio Group LLC increased its stake in 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 purchased a new stake in NVIDIA during the first quarter worth about $34,000. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the transaction, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the transaction, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 218 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $484.99, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 155,216 shares of company stock worth $79,810,950. 3.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVDA. DA Davidson began coverage on shares of NVIDIA in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 price target on the stock. Edward Jones lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Benchmark reiterated a “buy” rating and set a $625.00 price target on shares of NVIDIA in a research note on Wednesday, November 22nd. The Goldman Sachs Group boosted their price objective on NVIDIA from $625.00 to $800.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. boosted their price objective on NVIDIA from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $616.35.

View Our Latest Analysis on NVDA

NVIDIA Price Performance

NVIDIA stock opened at $721.33 on Monday. NVIDIA Co. has a 12 month low of $204.21 and a 12 month 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. The business has a 50 day simple moving average of $545.55 and a 200-day simple moving average of $485.68. The stock has a market capitalization of $1.78 trillion, a PE ratio of 95.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 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 business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The company’s quarterly revenue was up 205.5% compared to the same quarter last year. Equities analysts predict that NVIDIA Co. will post 11.09 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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