Nadler Financial Group Inc. Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Nadler Financial Group Inc. grew its position in NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,314 shares of the computer hardware maker’s stock after buying an additional 438 shares during the quarter. NVIDIA accounts for 1.0% of Nadler Financial Group Inc.’s holdings, making the stock its 21st largest holding. Nadler Financial Group Inc.’s holdings in NVIDIA were worth $9,711,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NVDA. Golden State Equity Partners lifted its stake in shares of NVIDIA by 1,197.7% during the 4th quarter. Golden State Equity Partners now owns 199,977 shares of the computer hardware maker’s stock worth $26,855,000 after purchasing an additional 184,567 shares during the last quarter. Avantra Family Wealth Inc. purchased a new stake in shares of NVIDIA during the 4th quarter worth $4,132,000. Riverstone Advisors LLC lifted its stake in shares of NVIDIA by 43.3% during the 4th quarter. Riverstone Advisors LLC now owns 14,918 shares of the computer hardware maker’s stock worth $2,003,000 after purchasing an additional 4,507 shares during the last quarter. Bluesphere Advisors LLC lifted its stake in shares of NVIDIA by 1.2% during the 4th quarter. Bluesphere Advisors LLC now owns 41,105 shares of the computer hardware maker’s stock worth $5,520,000 after purchasing an additional 491 shares during the last quarter. Finally, PBMares Wealth Management LLC lifted its stake in shares of NVIDIA by 7.8% during the 4th quarter. PBMares Wealth Management LLC now owns 17,349 shares of the computer hardware maker’s stock worth $2,330,000 after purchasing an additional 1,248 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NVDA. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Thursday. Susquehanna upped their price objective on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Stifel Nicolaus upped their price objective on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, TD Cowen upped their target price on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Five analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $169.62.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Up 3.9 %

NVIDIA stock opened at $124.81 on Friday. The firm has a market cap of $3.06 trillion, a price-to-earnings ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The business’s 50-day moving average price is $134.19 and its 200 day moving average price is $131.92. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

About NVIDIA

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.