Everhart Financial Group Inc. Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

Everhart Financial Group Inc. raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 471.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,712 shares of the computer hardware maker’s stock after acquiring an additional 3,887 shares during the period. Everhart Financial Group Inc.’s holdings in NVIDIA were worth $977,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in NVIDIA in the third quarter valued at about $293,000. Hoylecohen LLC raised its stake in shares of NVIDIA by 2.9% in the first quarter. Hoylecohen LLC now owns 8,962 shares of the computer hardware maker’s stock worth $4,785,000 after buying an additional 256 shares during the period. Gladstone Institutional Advisory LLC raised its stake in NVIDIA by 1.9% during the 1st quarter. Gladstone Institutional Advisory LLC now owns 3,210 shares of the computer hardware maker’s stock valued at $1,714,000 after purchasing an additional 59 shares during the period. Advisory Alpha LLC raised its stake in NVIDIA by 63.6% during the 1st quarter. Advisory Alpha LLC now owns 738 shares of the computer hardware maker’s stock valued at $394,000 after purchasing an additional 287 shares during the period. Finally, Rollins Financial bought a new stake in NVIDIA during the 1st quarter valued at approximately $484,000. 19.24% of the stock is currently owned by institutional investors.

In other NVIDIA news, Director Mark A. Stevens sold 58,000 shares of the stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $342.58, for a total value of $19,869,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Persis Drell sold 10,000 shares of the firm’s stock in a transaction on Friday, November 19th. The shares were sold at an average price of $326.65, for a total transaction of $3,266,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,000 shares of company stock valued at $25,222,940 over the last 90 days. Insiders own 4.47% of the company’s stock.

NVDA has been the subject of several research analyst reports. Evercore ISI raised their price target on NVIDIA from $187.50 to $250.00 and gave the company an “outperform” rating in a report on Thursday, August 12th. KeyCorp lifted their target price on NVIDIA from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, November 18th. Truist Securities lifted their target price on NVIDIA from $360.00 to $389.00 and gave the stock a “buy” rating in a report on Thursday, November 18th. Wedbush cut NVIDIA from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $220.00 to $300.00 in a report on Friday, November 12th. They noted that the move was a valuation call. Finally, Craig Hallum lifted their target price on NVIDIA from $220.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 18th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $326.78.

NVIDIA stock opened at $312.25 on Wednesday. NVIDIA Co. has a 1-year low of $115.67 and a 1-year high of $346.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.80 and a quick ratio of 5.33. The stock has a market cap of $778.13 billion, a PE ratio of 113.18, a P/E/G ratio of 4.45 and a beta of 1.46. The stock’s fifty day moving average is $246.24 and its two-hundred day moving average is $210.02.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 40.88% and a net margin of 32.33%. During the same quarter in the previous year, the company earned $0.60 EPS. On average, research analysts expect that NVIDIA Co. will post 3.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 23rd. Investors of record on Thursday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 0.05%. NVIDIA’s dividend payout ratio is currently 5.70%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Read More: What are earnings reports?

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.