Valmark Advisers Inc. Reduces Holdings in NVIDIA Corporation $NVDA

Valmark Advisers Inc. decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 28.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,608 shares of the computer hardware maker’s stock after selling 31,189 shares during the period. Valmark Advisers Inc.’s holdings in NVIDIA were worth $14,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Websterrogers Financial Advisors LLC lifted its stake in NVIDIA by 2.6% in the third quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock worth $395,000 after purchasing an additional 54 shares during the last quarter. Helen Stephens Group LLC grew its stake in shares of NVIDIA by 3.9% during the third quarter. Helen Stephens Group LLC now owns 1,483 shares of the computer hardware maker’s stock valued at $277,000 after buying an additional 56 shares during the last quarter. Morton Brown Family Wealth LLC raised its holdings in shares of NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock worth $621,000 after buying an additional 58 shares during the period. Roof Eidam Maycock Peralta LLC raised its holdings in shares of NVIDIA by 0.3% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock worth $3,302,000 after buying an additional 58 shares during the period. Finally, Alpha Wealth Funds LLC lifted its stake in shares of NVIDIA by 1.3% during the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock worth $732,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Wall Street Analyst Weigh In

Several brokerages have commented on NVDA. Loop Capital upped their price objective on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. DA Davidson reissued a “buy” rating and set a $250.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Rosenblatt Securities raised their price target on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Arete Research lifted their price objective on shares of NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of NVIDIA in a research report on Monday, December 29th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $263.41.

Check Out Our Latest Analysis on NVIDIA

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $187.81 on Monday. The company has a market capitalization of $4.56 trillion, a PE ratio of 46.60, a P/E/G ratio of 0.91 and a beta of 2.31. The company has a 50-day simple moving average of $183.38 and a two-hundred day simple moving average of $181.81. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company’s revenue was up 62.5% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. Research analysts expect that NVIDIA Corporation will post 2.77 EPS 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 given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

Insider Activity

In other news, EVP Ajay K. Puri sold 200,000 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $180.04, for a total value of $36,008,000.00. Following the completion of the sale, the executive vice president owned 3,618,547 shares of the company’s stock, valued at $651,483,201.88. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 222,500 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $180.17, for a total value of $40,087,825.00. Following the transaction, the director owned 7,621,453 shares in the company, valued at approximately $1,373,157,187.01. This trade represents a 2.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,636,474 shares of company stock worth $298,482,982. Company insiders own 4.17% of the company’s stock.

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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