Able Wealth Management LLC Buys 3,043 Shares of NVIDIA Corporation $NVDA

Able Wealth Management LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 134.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,314 shares of the computer hardware maker’s stock after buying an additional 3,043 shares during the period. Able Wealth Management LLC’s holdings in NVIDIA were worth $991,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC lifted its position in NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Norges Bank purchased a new position in shares of NVIDIA during the second quarter worth approximately $51,386,863,000. Nuveen LLC bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. boosted its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. Citigroup reaffirmed a “buy” rating on shares of NVIDIA in a research note on Monday. Needham & Company LLC reissued a “buy” rating and set a $240.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Oppenheimer restated an “outperform” rating and issued a $265.00 target price on shares of NVIDIA in a report on Thursday, November 20th. Finally, Wolfe Research upped their price target on shares of NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and an average price target of $262.14.

Check Out Our Latest Analysis on NVDA

NVIDIA Price Performance

NVDA opened at $187.54 on Wednesday. The firm has a market cap of $4.56 trillion, a PE ratio of 46.54, a P/E/G ratio of 0.92 and a beta of 2.29. The stock has a 50-day moving average price of $186.36 and a 200-day moving average price of $177.63. 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 0.06, a current ratio of 4.47 and a quick ratio of 3.71.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, December 4th. NVIDIA’s dividend payout ratio is presently 0.99%.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the sale, the director directly owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the transaction, the chief financial officer owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,011,474 shares of company stock valued at $368,486,742 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Company 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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