Rise Advisors LLC Buys 159 Shares of NVIDIA Co. (NASDAQ:NVDA)

Rise Advisors LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,280 shares of the computer hardware maker’s stock after acquiring an additional 159 shares during the quarter. NVIDIA accounts for about 0.5% of Rise Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Rise Advisors LLC’s holdings in NVIDIA were worth $634,000 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. Peoples Financial Services CORP. bought a new stake in NVIDIA during the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA during the third quarter valued at approximately $30,000. Quarry LP bought a new stake in NVIDIA during the first quarter valued at approximately $34,000. Compass Wealth Management LLC bought a new stake in NVIDIA during the fourth quarter valued at approximately $39,000. Finally, Trivant Custom Portfolio Group LLC grew its position in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the period. 64.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the topic of several analyst reports. Argus lifted their price target on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. DA Davidson lifted their price target on shares of NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Craig Hallum lifted their price target on shares of NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Wolfe Research lifted their price target on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $856.27.

Get Our Latest Stock Analysis on NVDA

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 36,000 shares of the company’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 completion of the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated 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 directly 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 SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 36,000 shares of the 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 sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The disclosure for this sale can be found here. Insiders sold a total of 104,774 shares of company stock valued at $64,322,528 over the last three months. 3.99% of the stock is owned by company insiders.

NVIDIA Trading Up 1.1 %

NASDAQ NVDA opened at $893.98 on Wednesday. The company’s 50-day moving average price is $721.23 and its 200-day moving average price is $553.34. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.23 trillion, a PE ratio of 74.87, a PEG ratio of 1.35 and a beta of 1.73. NVIDIA Co. has a 12 month low of $251.30 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 22.07 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date is Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

NVIDIA Company Profile

(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.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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