Valmark Advisers Inc. Acquires 161 Shares of NVIDIA Co. (NASDAQ:NVDA)

Valmark Advisers Inc. lifted its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,694 shares of the computer hardware maker’s stock after acquiring an additional 161 shares during the quarter. Valmark Advisers Inc.’s holdings in NVIDIA were worth $4,217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NVDA. Moody Lynn & Lieberson LLC boosted its holdings in shares of NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after buying an additional 5,998 shares during the last quarter. DBK Financial Counsel LLC purchased a new position in shares of NVIDIA in the second quarter worth approximately $265,000. IFM Investors Pty Ltd boosted its holdings in shares of NVIDIA by 4.9% in the second quarter. IFM Investors Pty Ltd now owns 488,552 shares of the computer hardware maker’s stock worth $206,667,000 after buying an additional 22,809 shares during the last quarter. W Advisors LLC purchased a new position in shares of NVIDIA in the second quarter worth approximately $254,000. Finally, Affinity Capital Advisors LLC purchased a new position in shares of NVIDIA in the third quarter worth approximately $282,000. 64.79% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 3.6 %

Shares of NVDA opened at $721.33 on Monday. NVIDIA Co. has a twelve month low of $204.21 and a twelve month high of $721.85. The company has a market cap of $1.78 trillion, a P/E ratio of 95.16, a P/E/G ratio of 2.89 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’s fifty day simple moving average is $545.55 and its 200-day simple moving average is $485.68.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share 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 business had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 205.5% on a year-over-year basis. As a group, analysts expect that NVIDIA Co. will post 11.09 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, December 5th. NVIDIA’s dividend payout ratio is presently 2.11%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Mark A. Stevens sold 10,400 shares of the firm’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 of the company’s stock, valued at approximately $471,693,969.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction dated 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 $620,560,171.85. The disclosure for this sale can be found here. Insiders have sold 155,216 shares of company stock valued at $79,810,950 in the last 90 days. Company insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NVDA. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 price target on shares of NVIDIA in a report on Wednesday, November 22nd. UBS Group lifted their price target on shares of NVIDIA from $560.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Edward Jones downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $775.00 price target on shares of NVIDIA in a report on Monday, January 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $600.00 price target on shares of NVIDIA in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $616.35.

View Our Latest Research Report on NVDA

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.

Further Reading

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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