Whitaker Myers Wealth Managers LTD. Purchases 3,143 Shares of NVIDIA Corporation $NVDA

Whitaker Myers Wealth Managers LTD. boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,508 shares of the computer hardware maker’s stock after purchasing an additional 3,143 shares during the quarter. NVIDIA comprises 1.1% of Whitaker Myers Wealth Managers LTD.’s portfolio, making the stock its 20th biggest holding. Whitaker Myers Wealth Managers LTD.’s holdings in NVIDIA were worth $5,132,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA in the 2nd quarter worth about $28,000. Winnow Wealth LLC purchased a new position in NVIDIA in the second quarter worth about $32,000. Longfellow Investment Management Co. LLC increased its stake in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new stake in NVIDIA during the second quarter valued at approximately $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVDA opened at $188.85 on Friday. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The firm has a 50 day moving average of $186.62 and a two-hundred day moving average of $178.06. The firm has a market capitalization of $4.59 trillion, a PE ratio of 46.86, a P/E/G ratio of 0.91 and a beta of 2.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 99.24% and a net margin of 53.01%.NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 earnings per share. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 222,500 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $180.17, for a total transaction of $40,087,825.00. Following the completion of the transaction, the director directly owned 7,621,453 shares in the company, valued at $1,373,157,187.01. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the transaction, the director directly owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,936,474 shares of company stock valued at $354,356,742 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Analyst Ratings Changes

A number of research firms recently weighed in on NVDA. Wells Fargo & Company reissued an “overweight” rating on shares of NVIDIA in a research report on Monday. Argus reiterated a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Truist Financial restated a “buy” rating and set a $275.00 price objective on shares of NVIDIA in a report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $250.00 target price (up previously from $240.00) on shares of NVIDIA in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $262.14.

Check Out Our Latest Stock Report on NVIDIA

NVIDIA 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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