NVIDIA Corporation $NVDA Shares Purchased by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 51.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,958 shares of the computer hardware maker’s stock after acquiring an additional 31,921 shares during the period. NVIDIA comprises approximately 0.5% of Avantax Planning Partners Inc.’s holdings, making the stock its 29th biggest position. Avantax Planning Partners Inc.’s holdings in NVIDIA were worth $17,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of NVIDIA by 1.0% during the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after acquiring an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock worth $91,150,170,000 after purchasing an additional 8,521,936 shares during the period. Norges Bank bought a new position in shares of NVIDIA in the 2nd quarter worth about $51,386,863,000. Legal & General Group Plc boosted its holdings in shares of NVIDIA by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 178,593,475 shares of the computer hardware maker’s stock valued at $28,215,983,000 after buying an additional 2,623,678 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of NVIDIA by 2.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 155,668,775 shares of the computer hardware maker’s stock valued at $24,594,110,000 after buying an additional 4,209,423 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 200,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $187.82, for a total transaction of $37,564,000.00. Following the completion of the sale, the executive vice president directly owned 3,818,547 shares of the company’s stock, valued at $717,199,497.54. This represents a 4.98% 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, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $181.73, for a total value of $63,605,500.00. Following the sale, the director owned 7,049,803 shares in the company, valued at approximately $1,281,160,699.19. The trade was a 4.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,611,474 shares of company stock valued at $291,731,692 in the last three months. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 2.2%

Shares of NVDA stock opened at $182.85 on Tuesday. 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 quick ratio of 3.71 and a current ratio of 4.47. The business’s fifty day moving average is $184.67 and its 200-day moving average is $183.38. The stock has a market cap of $4.44 trillion, a PE ratio of 45.37, a price-to-earnings-growth ratio of 0.56 and a beta of 2.31.

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 the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter last year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 62.5% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVDA. William Blair reissued an “outperform” rating on shares of NVIDIA in a report on Tuesday, January 6th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. President Capital upped their price objective on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 28th. Truist Financial reiterated a “buy” rating and issued a $275.00 target price on shares of NVIDIA in a research note on Monday, December 29th. Finally, Morgan Stanley upped their price target on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average target price of $264.20.

Check Out Our Latest Stock Analysis on NVDA

Key Headlines Impacting NVIDIA

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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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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