First Command Advisory Services Inc. Makes New $795,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

First Command Advisory Services Inc. purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,828 shares of the computer hardware maker’s stock, valued at approximately $795,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Lineweaver Wealth Advisors LLC increased its stake in NVIDIA by 0.9% in the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock valued at $1,029,000 after purchasing an additional 22 shares in the last quarter. Family Legacy Inc. grew its holdings in NVIDIA by 4.1% in the third quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock valued at $241,000 after purchasing an additional 22 shares during the last quarter. Eagle Strategies LLC increased its position in shares of NVIDIA by 0.3% in the third quarter. Eagle Strategies LLC now owns 7,324 shares of the computer hardware maker’s stock valued at $3,186,000 after buying an additional 22 shares in the last quarter. Cassia Capital Partners LLC boosted its position in shares of NVIDIA by 2.0% in the 3rd quarter. Cassia Capital Partners LLC now owns 1,193 shares of the computer hardware maker’s stock worth $519,000 after buying an additional 23 shares in the last quarter. Finally, Yarger Wealth Strategies LLC boosted its position in shares of NVIDIA by 1.9% in the 3rd quarter. Yarger Wealth Strategies LLC now owns 1,210 shares of the computer hardware maker’s stock worth $526,000 after buying an additional 23 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mark A. Stevens sold 36,000 shares of NVIDIA stock in a transaction on Friday, January 12th. The shares were sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the sale, the director now owns 1,134,583 shares in the company, valued at $620,560,171.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director John Dabiri sold 218 shares of the company’s stock in a transaction that occurred 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 directly owns 2,183 shares of the company’s stock, valued at $1,058,733.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. In the last three months, insiders sold 155,216 shares of company stock worth $79,810,950. 3.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Tigress Financial lifted their target price on shares of NVIDIA from $560.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Wells Fargo & Company upped their target price on NVIDIA from $600.00 to $675.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Citigroup lowered their target price on NVIDIA from $630.00 to $575.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Rosenblatt Securities reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, November 22nd. Finally, Truist Financial increased their price objective on NVIDIA from $668.00 to $674.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have issued 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $616.35.

Get Our Latest Report on NVDA

NVIDIA Price Performance

NVDA opened at $722.48 on Tuesday. NVIDIA Co. has a twelve month low of $204.21 and a twelve month high of $746.11. The firm has a market cap of $1.78 trillion, a price-to-earnings ratio of 95.31, a PEG ratio of 2.86 and a beta of 1.69. 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 company has a fifty day simple moving average of $550.90 and a 200 day simple moving average of $487.53.

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 for the quarter, beating analysts’ consensus estimates of $3.03 by $0.99. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The company had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 205.5% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 11.09 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, December 5th. NVIDIA’s payout ratio is 2.11%.

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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