Joel Isaacson & Co. LLC Acquires 82,758 Shares of NVIDIA Corporation $NVDA

Joel Isaacson & Co. LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 116.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,124 shares of the computer hardware maker’s stock after acquiring an additional 82,758 shares during the quarter. NVIDIA comprises approximately 1.0% of Joel Isaacson & Co. LLC’s holdings, making the stock its 19th largest holding. Joel Isaacson & Co. LLC’s holdings in NVIDIA were worth $28,756,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allegiance Financial Group Advisory Services LLC grew its position in NVIDIA by 5.3% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 10,493 shares of the computer hardware maker’s stock worth $1,958,000 after purchasing an additional 532 shares during the last quarter. Impact Investors Inc lifted its stake in shares of NVIDIA by 55.4% in the third quarter. Impact Investors Inc now owns 21,760 shares of the computer hardware maker’s stock valued at $4,060,000 after buying an additional 7,761 shares during the period. Demars Financial Group LLC grew its position in NVIDIA by 7.0% during the third quarter. Demars Financial Group LLC now owns 49,940 shares of the computer hardware maker’s stock worth $9,318,000 after buying an additional 3,250 shares in the last quarter. Canopy Partners LLC increased its stake in NVIDIA by 20.3% during the third quarter. Canopy Partners LLC now owns 58,143 shares of the computer hardware maker’s stock valued at $10,848,000 after acquiring an additional 9,804 shares during the period. Finally, Grey Fox Wealth Advisors LLC lifted its position in shares of NVIDIA by 0.3% in the 3rd quarter. Grey Fox Wealth Advisors LLC now owns 32,452 shares of the computer hardware maker’s stock worth $6,055,000 after acquiring an additional 83 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 2.4%

Shares of NVDA opened at $189.86 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The company has a market cap of $4.61 trillion, a price-to-earnings ratio of 47.11, a PEG ratio of 0.57 and a beta of 2.31. The stock has a fifty day moving average price of $184.29 and a two-hundred day moving average price of $183.04. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its 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 company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, December 4th. NVIDIA’s dividend payout ratio is presently 0.99%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $175.72, for a total value of $4,856,900.80. Following the completion of the sale, the chief financial officer owned 846,772 shares of the company’s stock, valued at $148,794,775.84. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay K. Puri sold 200,000 shares of the company’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 transaction, the executive vice president directly owned 3,618,547 shares in the company, valued at approximately $651,483,201.88. This represents a 5.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,611,474 shares of company stock valued at $291,731,692 over the last three months. 4.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. HSBC set a $320.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 15th. Mizuho set a $275.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a research report on Friday, January 9th. President Capital increased their price target on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Finally, Evercore restated an “outperform” rating on shares of NVIDIA in a research note on Tuesday, January 6th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $263.98.

Check Out Our Latest Stock Report on NVIDIA

NVIDIA News Roundup

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About NVIDIA

(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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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