NVIDIA Corporation $NVDA Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 15.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,075 shares of the computer hardware maker’s stock after acquiring an additional 13,654 shares during the quarter. NVIDIA accounts for approximately 0.9% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Sax Wealth Advisors LLC’s holdings in NVIDIA were worth $18,664,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NVDA. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC lifted its holdings in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter valued at approximately $40,000. Sellwood Investment Partners LLC purchased a new position in NVIDIA in the 3rd quarter valued at approximately $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new position in shares of NVIDIA in the second quarter worth $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

NVIDIA Trading Up 5.6%

NASDAQ:NVDA opened at $174.34 on Wednesday. The stock has a 50-day simple moving average of $182.92 and a 200-day simple moving average of $184.28. The stock has a market cap of $4.24 trillion, a P/E ratio of 35.58, a P/E/G ratio of 0.55 and a beta of 2.33. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91.

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

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 42,650 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $7,459,058.50. Following the transaction, the chief financial officer directly owned 881,387 shares of the company’s stock, valued at $154,145,772.43. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 221,682 shares of NVIDIA stock in a transaction on Friday, March 20th. The stock was sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the sale, the director owned 7,399,771 shares in the company, valued at $1,285,192,227.28. This represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,401,616 shares of company stock valued at $253,555,407 in the last quarter. Company insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $275.00 price objective (up from $250.00) on shares of NVIDIA in a research report on Friday, January 16th. Raymond James Financial boosted their target price on NVIDIA from $291.00 to $323.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 19th. Stifel Nicolaus set a $250.00 price target on NVIDIA in a report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of NVIDIA in a research report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of NVIDIA in a research note on Monday, December 29th. Four research 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 has an average rating of “Buy” and a consensus price target of $275.95.

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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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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