Sequoia Financial Advisors LLC Has $288.75 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Sequoia Financial Advisors LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,150,204 shares of the computer hardware maker’s stock after purchasing an additional 52,516 shares during the quarter. NVIDIA accounts for approximately 2.8% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 4th largest position. Sequoia Financial Advisors LLC’s holdings in NVIDIA were worth $288,751,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the fourth quarter valued at about $46,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $104.49 on Thursday. The firm’s 50-day moving average price is $117.83 and its 200-day moving average price is $130.03. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The company has a market cap of $2.55 trillion, a PE ratio of 41.12, a PEG ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent research reports. Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday. Finally, DA Davidson reduced their target price on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $165.64.

NVIDIA Company Profile

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.