Addison Advisors LLC Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

Addison Advisors LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,436 shares of the computer hardware maker’s stock after acquiring an additional 78 shares during the quarter. Addison Advisors LLC’s holdings in NVIDIA were worth $711,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NVDA. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $7,743,000. Headlands Technologies LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $5,117,000. Citizens Financial Group Inc. RI boosted its stake in shares of NVIDIA by 4.1% during the 4th quarter. Citizens Financial Group Inc. RI now owns 63,411 shares of the computer hardware maker’s stock valued at $31,403,000 after buying an additional 2,517 shares during the last quarter. Golden State Equity Partners grew its position in shares of NVIDIA by 1.6% during the fourth quarter. Golden State Equity Partners now owns 24,420 shares of the computer hardware maker’s stock worth $12,093,000 after buying an additional 396 shares in the last quarter. Finally, Total Investment Management Inc. increased its stake in shares of NVIDIA by 7.8% in the fourth quarter. Total Investment Management Inc. now owns 1,690 shares of the computer hardware maker’s stock worth $837,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. UBS Group boosted their price objective on NVIDIA from $1,100.00 to $1,150.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft boosted their price target on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $910.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $941.55.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last ninety days. 3.99% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NASDAQ:NVDA opened at $887.89 on Monday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $867.38 and its 200 day moving average price is $652.35. NVIDIA Co. has a 52-week low of $272.40 and a 52-week high of $974.00. The firm has a market cap of $2.22 trillion, a P/E ratio of 74.36, a PEG ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) 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 company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s revenue was up 265.3% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is presently 1.34%.

About NVIDIA

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.