GM Advisory Group LLC Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

GM Advisory Group LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,714 shares of the computer hardware maker’s stock after purchasing an additional 1,077 shares during the quarter. NVIDIA makes up approximately 1.9% of GM Advisory Group LLC’s portfolio, making the stock its 13th largest holding. GM Advisory Group LLC’s holdings in NVIDIA were worth $33,668,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NVDA. SOA Wealth Advisors LLC. lifted its position in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB raised its stake in NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in NVIDIA by 13.2% in the 3rd quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker’s stock valued at $667,278,000 after purchasing an additional 640,840 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of NVIDIA by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares during the last quarter. Finally, Beta Wealth Group Inc. grew its holdings in shares of NVIDIA by 88.4% during the third quarter. Beta Wealth Group Inc. now owns 21,461 shares of the computer hardware maker’s stock worth $2,606,000 after buying an additional 10,069 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last ninety days. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $102.67 on Thursday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $114.42 and a two-hundred day moving average of $129.31. The company has a market cap of $2.51 trillion, a P/E ratio of 40.41, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95.

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

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the topic of several recent analyst reports. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. TD Cowen decreased their price objective on NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Rosenblatt Securities dropped their target price on NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. DA Davidson cut their target price on NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Bank of America decreased their target price on NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.01.

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.