Hapanowicz & Associates Financial Services Inc Increases Stock Holdings in NVIDIA Corporation $NVDA

Hapanowicz & Associates Financial Services Inc grew its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 239.5% during the 3rd quarter, Holdings Channel reports. The fund owned 7,598 shares of the computer hardware maker’s stock after buying an additional 5,360 shares during the quarter. NVIDIA comprises about 0.7% of Hapanowicz & Associates Financial Services Inc’s holdings, making the stock its 11th biggest position. Hapanowicz & Associates Financial Services Inc’s holdings in NVIDIA were worth $1,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Mar Vista Investment Partners LLC raised its stake in shares of NVIDIA by 25.9% during the 3rd quarter. Mar Vista Investment Partners LLC now owns 291,580 shares of the computer hardware maker’s stock worth $54,403,000 after buying an additional 59,985 shares in the last quarter. Roberts Glore & Co. Inc. IL boosted its stake in shares of NVIDIA by 0.9% in the third quarter. Roberts Glore & Co. Inc. IL now owns 26,560 shares of the computer hardware maker’s stock valued at $4,956,000 after buying an additional 225 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in NVIDIA by 10.6% during the third quarter. Catalyst Financial Partners LLC now owns 138,019 shares of the computer hardware maker’s stock worth $25,752,000 after acquiring an additional 13,266 shares during the period. Hurley Capital LLC grew its holdings in NVIDIA by 22.3% during the third quarter. Hurley Capital LLC now owns 4,616 shares of the computer hardware maker’s stock worth $861,000 after acquiring an additional 841 shares during the period. Finally, Empirical Asset Management LLC raised its position in NVIDIA by 40.5% in the third quarter. Empirical Asset Management LLC now owns 62,900 shares of the computer hardware maker’s stock worth $11,736,000 after acquiring an additional 18,127 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Colette Kress sold 30,500 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the completion of the sale, the chief financial officer directly owned 1,286,826 shares of the company’s stock, valued at $229,196,578.86. The trade was a 2.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the sale, the director owned 6,933,280 shares of the company’s stock, valued at approximately $1,229,478,542.40. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,168,120 shares of company stock valued at $210,900,814 in the last ninety days. 4.17% of the stock is owned by company insiders.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

NVIDIA Stock Performance

NVIDIA stock opened at $184.77 on Wednesday. The stock has a fifty day moving average price of $185.60 and a 200 day moving average price of $184.06. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The firm has a market capitalization of $4.49 trillion, a P/E ratio of 37.71, a PEG ratio of 0.62 and a beta of 2.33.

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

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors 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 yield of 0.0%. The ex-dividend date is Wednesday, March 11th. NVIDIA’s payout ratio is presently 0.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NVDA shares. Tigress Financial restated a “strong-buy” rating and set a $360.00 target price (up from $350.00) on shares of NVIDIA in a research report on Thursday, March 5th. Piper Sandler reiterated an “overweight” rating on shares of NVIDIA in a report on Thursday, February 26th. Rothschild & Co Redburn raised their price objective on shares of NVIDIA from $245.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Susquehanna upped their target price on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research report on Thursday, November 20th. Finally, BNP Paribas Exane increased their target price on shares of NVIDIA from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $273.64.

Check Out Our Latest Stock Report on NVIDIA

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.

Featured Stories

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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