United Asset Strategies Inc. Sells 25 Shares of NVIDIA Co. (NASDAQ:NVDA)

United Asset Strategies Inc. lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 0.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,088 shares of the computer hardware maker’s stock after selling 25 shares during the quarter. NVIDIA accounts for 1.6% of United Asset Strategies Inc.’s portfolio, making the stock its 16th biggest position. United Asset Strategies Inc.’s holdings in NVIDIA were worth $12,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Lineweaver Wealth Advisors LLC boosted its position in NVIDIA by 0.9% in the second 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. boosted its position in NVIDIA by 4.1% in the third 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 boosted its position in NVIDIA by 2.0% in the third 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 boosted its position in NVIDIA by 1.9% in the third 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 boosted its position in NVIDIA by 1.2% in the second 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.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 218 shares of the stock in a transaction dated 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 sale, the director now directly owns 2,183 shares in the company, valued at approximately $1,058,733.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director John Dabiri sold 218 shares of the stock in a transaction dated 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 sale, the director now directly owns 2,183 shares in the company, valued at approximately $1,058,733.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $483.18, for a total value of $4,831,800.00. Following the sale, the director now owns 989,831 shares of the company’s stock, valued at $478,266,542.58. The disclosure for this sale can be found here. Insiders sold 155,216 shares of company stock worth $79,810,950 in the last ninety days. 3.99% of the stock is owned by company insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $721.33 on Monday. The company has a current ratio of 3.59, a quick ratio of 3.06 and a debt-to-equity ratio of 0.25. The firm 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. The business’s 50-day moving average price is $545.55 and its 200-day moving average price is $485.68. NVIDIA Co. has a 12 month low of $204.21 and a 12 month high of $721.85.

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

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 6th were issued a dividend of $0.04 per share. 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 dividend payout ratio is presently 2.11%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. 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. DA Davidson initiated coverage on NVIDIA in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 price target on the stock. Raymond James upped their price target on NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Tigress Financial upped their price target on NVIDIA from $560.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, UBS Group upped their price target on NVIDIA from $560.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. One equities research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $616.35.

Check Out Our Latest Stock Report on NVDA

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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