Regal Investment Advisors LLC Cuts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Regal Investment Advisors LLC reduced its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 3.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,843 shares of the computer hardware maker’s stock after selling 752 shares during the quarter. NVIDIA makes up about 0.7% of Regal Investment Advisors LLC’s holdings, making the stock its 28th biggest holding. Regal Investment Advisors LLC’s holdings in NVIDIA were worth $9,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Norges Bank bought a new position in NVIDIA in the 4th quarter worth $3,900,874,000. Moneta Group Investment Advisors LLC raised its holdings in NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares in the last quarter. Morgan Stanley raised its holdings in NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Barclays PLC raised its holdings in NVIDIA by 55.7% in the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after purchasing an additional 2,740,850 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in NVIDIA by 58,042.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,855,904 shares of the computer hardware maker’s stock worth $785,081,000 after purchasing an additional 1,852,712 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction that occurred on 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 owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction that occurred on 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 owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 35,648 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the sale, the director now owns 1,189,083 shares in the company, valued at approximately $645,588,833.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,998 shares of company stock worth $79,705,222. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America upped their target price on shares of NVIDIA from $800.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday. Argus upped their target price on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday. Sanford C. Bernstein upped their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup upped their target price on shares of NVIDIA from $575.00 to $820.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $850.00 target price on shares of NVIDIA in a research report on Thursday. Four analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $820.03.

Check Out Our Latest Stock Report on NVDA

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $788.17 on Friday. The firm’s 50 day moving average price is $597.38 and its 200-day moving average price is $504.32. NVIDIA Co. has a twelve month low of $222.97 and a twelve month high of $823.94. The company has a quick ratio of 3.06, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.97 trillion, a PE ratio of 66.01, a price-to-earnings-growth ratio of 2.43 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.65 EPS. The business’s quarterly revenue was up 265.3% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 19.04 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.04 per share. 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 payout ratio is 1.34%.

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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