Pinnacle Wealth Planning Services Inc. Sells 427 Shares of NVIDIA Co. (NASDAQ:NVDA)

Pinnacle Wealth Planning Services Inc. cut its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,806 shares of the computer hardware maker’s stock after selling 427 shares during the period. NVIDIA accounts for approximately 1.4% of Pinnacle Wealth Planning Services Inc.’s investment portfolio, making the stock its 12th biggest holding. Pinnacle Wealth Planning Services Inc.’s holdings in NVIDIA were worth $8,615,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Moody Lynn & Lieberson LLC lifted its position in NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after acquiring an additional 5,998 shares in the last quarter. DBK Financial Counsel LLC bought a new position in NVIDIA in the 2nd quarter valued at about $265,000. IFM Investors Pty Ltd lifted its position in NVIDIA by 4.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 488,552 shares of the computer hardware maker’s stock valued at $206,667,000 after acquiring an additional 22,809 shares in the last quarter. W Advisors LLC bought a new position in NVIDIA in the 2nd quarter valued at about $254,000. Finally, Affinity Capital Advisors LLC bought a new position in NVIDIA in the 3rd quarter valued at about $282,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 10,400 shares of NVIDIA stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $481.60, for a total value of $5,008,640.00. Following the transaction, the director now owns 979,431 shares in the company, valued at approximately $471,693,969.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,400 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $481.60, for a total value of $5,008,640.00. Following the transaction, the director now owns 979,431 shares in the company, valued at $471,693,969.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 36,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the transaction, the director now owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock worth $79,810,950 in the last 90 days. 3.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NVDA shares. Susquehanna reaffirmed a “positive” rating and issued a $625.00 price target on shares of NVIDIA in a research report on Wednesday, November 22nd. Sanford C. Bernstein lifted their target price on shares of NVIDIA from $675.00 to $700.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Stifel Nicolaus reissued a “buy” rating and set a $600.00 target price on shares of NVIDIA in a research report on Friday, November 17th. Benchmark reissued a “buy” rating and set a $625.00 target price on shares of NVIDIA in a research report on Wednesday, November 22nd. Finally, Raymond James lifted their target price on shares of NVIDIA from $600.00 to $700.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $616.35.

Get Our Latest Analysis on NVIDIA

NVIDIA Stock Up 3.6 %

Shares of NASDAQ:NVDA opened at $721.33 on Monday. The firm has a fifty day moving average price of $545.55 and a two-hundred day moving average price of $485.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.59 and a quick ratio of 3.06. NVIDIA Co. has a one year low of $204.21 and a one year high of $721.85. The company has a market cap of $1.78 trillion, a price-to-earnings ratio of 95.16, a PEG ratio of 2.89 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results 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. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The firm had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 205.5% compared to the same quarter last year. Analysts anticipate 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. Investors of record on Wednesday, December 6th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, December 5th. NVIDIA’s payout ratio is presently 2.11%.

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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