Voya Financial Advisors Inc. lessened its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 14.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,037 shares of the computer hardware maker’s stock after selling 5,895 shares during the period. NVIDIA comprises approximately 0.4% of Voya Financial Advisors Inc.’s holdings, making the stock its 17th biggest holding. Voya Financial Advisors Inc.’s holdings in NVIDIA were worth $4,132,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new position in NVIDIA in the 3rd quarter valued at $27,000. Quest Partners LLC acquired a new stake in shares of NVIDIA in the second quarter valued at $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of NVIDIA in the second quarter valued at about $31,000. West Financial Advisors LLC bought a new stake in NVIDIA during the 3rd quarter worth about $36,000. Finally, DHJJ Financial Advisors Ltd. grew its holdings in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.
Insider Activity at NVIDIA
In related news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on NVDA. Loop Capital reiterated a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Barclays increased their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday. Mizuho boosted their target price on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Truist Financial upped their price target on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, HSBC lowered their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.63.
Get Our Latest Stock Analysis on NVDA
NVIDIA Stock Up 3.1 %
NASDAQ:NVDA opened at $137.71 on Friday. The company has a market cap of $3.37 trillion, a PE ratio of 54.20, a PEG ratio of 2.45 and a beta of 1.64. The stock has a 50-day simple moving average of $138.99 and a 200 day simple moving average of $129.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $56.11 and a 52-week high of $153.13.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, sell-side analysts expect that NVIDIA Co. will post 2.78 EPS for the current fiscal year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.
About NVIDIA
(Free Report)
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.
Read More
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.
