GSG Advisors LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,685 shares of the computer hardware maker’s stock after purchasing an additional 258 shares during the quarter. NVIDIA comprises approximately 0.7% of GSG Advisors LLC’s holdings, making the stock its 23rd largest position. GSG Advisors LLC’s holdings in NVIDIA were worth $1,753,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. acquired a new position in NVIDIA in the 3rd quarter valued at approximately $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the 3rd quarter worth approximately $30,000. Quarry LP acquired a new position in shares of NVIDIA in the 1st quarter worth approximately $34,000. Compass Wealth Management LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $39,000. Finally, Trivant Custom Portfolio Group LLC raised its holdings in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares in the last quarter. Institutional investors own 64.79% of the company’s stock.
NVIDIA Stock Performance
Shares of NVIDIA stock opened at $893.98 on Wednesday. The firm has a market cap of $2.23 trillion, a price-to-earnings ratio of 74.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.73. The stock’s 50-day moving average is $721.23 and its 200-day moving average is $553.34. NVIDIA Co. has a one year low of $251.30 and a one year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is presently 1.34%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on NVDA shares. Truist Financial increased their target price on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft raised their price target on NVIDIA from $560.00 to $720.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. DA Davidson raised their price target on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Bank of America increased their price objective on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $856.27.
Read Our Latest Stock Report on NVDA
Insider Buying and Selling
In related news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares in the company, valued at $945,366,393.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the sale, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,774 shares of company stock worth $64,322,528. Corporate insiders own 3.99% of the company’s stock.
NVIDIA Company Profile
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.
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