NVIDIA Co. (NASDAQ:NVDA) Stake Raised by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,430 shares of the computer hardware maker’s stock after purchasing an additional 2,704 shares during the quarter. NVIDIA comprises approximately 1.4% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Kingsview Wealth Management LLC’s holdings in NVIDIA were worth $38,031,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lineweaver Wealth Advisors LLC raised 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 during the last quarter. Family Legacy Inc. grew its holdings in NVIDIA by 4.1% in the 3rd quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock valued at $241,000 after buying an additional 22 shares in the last quarter. Cassia Capital Partners LLC grew its holdings in NVIDIA by 2.0% in the 3rd quarter. Cassia Capital Partners LLC now owns 1,193 shares of the computer hardware maker’s stock valued at $519,000 after buying an additional 23 shares in the last quarter. Yarger Wealth Strategies LLC grew its holdings in NVIDIA by 1.9% in the 3rd quarter. Yarger Wealth Strategies LLC now owns 1,210 shares of the computer hardware maker’s stock valued at $526,000 after buying an additional 23 shares in the last quarter. Finally, LWM Advisory Services LLC grew its holdings in NVIDIA by 1.2% in the 2nd quarter. LWM Advisory Services LLC now owns 2,018 shares of the computer hardware maker’s stock valued at $855,000 after buying an additional 24 shares in the last quarter. 64.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction of $19,690,200.00. Following the transaction, the director now owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of NVIDIA 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 transaction, the director now directly owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the transaction, the director now owns 1,189,083 shares in the company, valued at $645,588,833.19. The disclosure for this sale can be found here. Insiders have sold 155,216 shares of company stock worth $79,810,950 in the last quarter. 3.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. Citigroup dropped their target price on NVIDIA from $630.00 to $575.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Susquehanna restated a “positive” rating and issued a $625.00 target price on shares of NVIDIA in a report on Wednesday, November 22nd. Stifel Nicolaus restated a “buy” rating and issued a $600.00 target price on shares of NVIDIA in a report on Friday, November 17th. Edward Jones cut NVIDIA from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, DA Davidson started coverage on NVIDIA in a report on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $616.35.

View Our Latest Research Report on NVDA

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $721.33 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59. NVIDIA Co. has a fifty-two week low of $204.21 and a fifty-two week high of $721.85. 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 stock’s 50-day simple moving average is $545.55 and its 200-day simple moving average is $485.68.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.99. The business 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 business’s quarterly revenue was up 205.5% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. As a group, equities research analysts forecast that NVIDIA Co. will post 11.09 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 6th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is presently 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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