OneDigital Investment Advisors LLC Has $105.08 Million Stock Holdings in NVIDIA Corporation $NVDA

OneDigital Investment Advisors LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 563,208 shares of the computer hardware maker’s stock after purchasing an additional 29,456 shares during the quarter. NVIDIA makes up about 1.1% of OneDigital Investment Advisors LLC’s portfolio, making the stock its 20th biggest holding. OneDigital Investment Advisors LLC’s holdings in NVIDIA were worth $105,083,000 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 stock. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the second quarter valued at $28,000. Winnow Wealth LLC bought a new stake in NVIDIA during the second quarter worth $32,000. Longfellow Investment Management Co. LLC lifted its stake in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter valued at $40,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of NVIDIA in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $182.65 on Tuesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company’s 50 day moving average price is $185.66 and its two-hundred day moving average price is $184.01. The firm has a market cap of $4.44 trillion, a PE ratio of 37.28, a PEG ratio of 0.60 and a beta of 2.33. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm’s quarterly revenue was up 73.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 earnings per share. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is currently 0.82%.

Insider Buying and Selling

In related 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 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $177.33, for a total value 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 approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,168,120 shares of company stock valued at $210,900,814. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. CICC Research boosted their price objective on shares of NVIDIA from $228.00 to $240.60 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Truist Financial raised their target price on shares of NVIDIA from $275.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Susquehanna lifted their price target on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, November 20th. Arete Research upped their price objective on NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Fundamental Research set a $218.00 price objective on NVIDIA in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $273.64.

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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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