NVIDIA Corporation $NVDA Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,129,854 shares of the computer hardware maker’s stock after purchasing an additional 93,712 shares during the period. NVIDIA comprises approximately 3.6% of Prospera Financial Services Inc’s investment portfolio, making the stock its 2nd biggest position. Prospera Financial Services Inc’s holdings in NVIDIA were worth $210,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Midwest Financial Group LLC lifted its stake in NVIDIA by 4.5% in the 3rd quarter. Midwest Financial Group LLC now owns 5,680 shares of the computer hardware maker’s stock valued at $1,060,000 after purchasing an additional 245 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in NVIDIA by 3.1% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 187,267 shares of the computer hardware maker’s stock worth $34,940,000 after buying an additional 5,620 shares during the period. Western Wealth Management LLC lifted its stake in shares of NVIDIA by 2.6% in the third quarter. Western Wealth Management LLC now owns 287,708 shares of the computer hardware maker’s stock worth $53,681,000 after acquiring an additional 7,349 shares during the period. D.B. Root & Company LLC boosted its stake in shares of NVIDIA by 11.3% in the 3rd quarter. D.B. Root & Company LLC now owns 27,934 shares of the computer hardware maker’s stock valued at $5,212,000 after purchasing an additional 2,839 shares during the last quarter. Finally, REAP Financial Group LLC boosted its position in NVIDIA by 1.1% during the third quarter. REAP Financial Group LLC now owns 6,721 shares of the computer hardware maker’s stock valued at $1,254,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 0.2%

NVDA opened at $183.32 on Friday. The firm has a market capitalization of $4.45 trillion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 0.62 and a beta of 2.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The company has a fifty day moving average price of $186.02 and a 200-day moving average price of $183.87. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The firm had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. During the same quarter last year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 73.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Wednesday, March 11th. NVIDIA’s dividend payout ratio is presently 0.82%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research analyst reports. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. DZ Bank reaffirmed a “buy” rating on shares of NVIDIA in a research report on Thursday, November 20th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Monday, February 23rd. The Goldman Sachs Group set a $250.00 price objective on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, Tigress Financial restated a “strong-buy” rating and set a $360.00 price target (up from $350.00) on shares of NVIDIA in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $273.64.

Get Our Latest Stock Analysis on NVDA

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 222,500 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $180.17, for a total transaction of $40,087,825.00. Following the completion of the sale, the director directly owned 7,621,453 shares in the company, valued at $1,373,157,187.01. This represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the transaction, the director owned 6,933,280 shares in the company, valued at $1,229,478,542.40. This represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,248,120 shares of company stock valued at $225,672,814. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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