Affinity Capital Advisors LLC Has $306,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Affinity Capital Advisors LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 617 shares of the computer hardware maker’s stock after selling 31 shares during the quarter. Affinity Capital Advisors LLC’s holdings in NVIDIA were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ullmann Wealth Partners Group LLC lifted its stake in NVIDIA by 36.0% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 1,747 shares of the computer hardware maker’s stock worth $865,000 after acquiring an additional 462 shares in the last quarter. Bouvel Investment Partners LLC lifted its stake in NVIDIA by 2.7% in the 4th quarter. Bouvel Investment Partners LLC now owns 13,242 shares of the computer hardware maker’s stock worth $6,558,000 after acquiring an additional 349 shares in the last quarter. Resource Consulting Group Inc. purchased a new stake in NVIDIA in the 4th quarter worth about $356,000. Community Trust & Investment Co. lifted its stake in NVIDIA by 11.9% in the 4th quarter. Community Trust & Investment Co. now owns 64,172 shares of the computer hardware maker’s stock worth $31,779,000 after acquiring an additional 6,816 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of NVIDIA by 4.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 4,674 shares of the computer hardware maker’s stock worth $2,315,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NVDA shares. Truist Financial raised their price target on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research note on Monday. Sanford C. Bernstein boosted their target price on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Oppenheimer boosted their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday. Loop Capital initiated coverage on NVIDIA in a research report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target on the stock. Finally, Raymond James lifted their price target on NVIDIA from $600.00 to $700.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $885.90.

View Our Latest Stock Report on NVDA

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $24,696,719.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 5,676 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the sale, the executive vice president now directly owns 48,360 shares of the company’s stock, valued at approximately $24,180,000. The disclosure for this sale can be found here. Insiders sold 104,774 shares of company stock valued at $64,322,528 over the last quarter. 3.99% of the stock is owned by company insiders.

NVIDIA Trading Up 1.2 %

Shares of NVIDIA stock opened at $914.35 on Friday. The firm has a 50-day moving average of $728.43 and a 200-day moving average of $555.79. The stock has a market cap of $2.29 trillion, a PE ratio of 76.58, a PEG ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a 52-week low of $258.50 and a 52-week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s quarterly revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.27 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend is Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

About NVIDIA

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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