Strong Tower Advisory Services Has $24.68 Million Stake in NVIDIA Corporation $NVDA

Strong Tower Advisory Services trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,312 shares of the computer hardware maker’s stock after selling 2,569 shares during the quarter. NVIDIA accounts for approximately 4.4% of Strong Tower Advisory Services’ investment portfolio, making the stock its 3rd largest position. Strong Tower Advisory Services’ holdings in NVIDIA were worth $24,676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PMG Family Office LLC bought a new stake in shares of NVIDIA during the third quarter worth $2,150,000. Oak Ridge Investments LLC boosted its position in NVIDIA by 2.2% in the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker’s stock valued at $181,143,000 after buying an additional 20,559 shares during the period. Svenska Handelsbanken AB publ purchased a new position in shares of NVIDIA during the third quarter worth approximately $37,316,000. Weaver Capital Management LLC raised its stake in shares of NVIDIA by 5.5% during the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock valued at $15,893,000 after acquiring an additional 4,439 shares in the last quarter. Finally, Circle Wealth Management LLC boosted its holdings in shares of NVIDIA by 16.1% in the third quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker’s stock valued at $20,111,000 after purchasing an additional 14,936 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the transaction, the chief financial officer directly owned 83,060 shares in the company, valued at $14,526,363.40. The trade was a 19.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 221,682 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $173.68, for a total value of $38,501,729.76. Following the transaction, the director owned 7,399,771 shares in the company, valued at approximately $1,285,192,227.28. This trade represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 953,976 shares of company stock worth $171,173,819. 4.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research report on Friday, April 17th. Zacks Research upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Needham & Company LLC restated a “buy” rating and issued a $240.00 price objective on shares of NVIDIA in a report on Wednesday, March 18th. Itau BBA Securities reiterated a “market perform” rating on shares of NVIDIA in a report on Thursday, February 26th. Finally, Macquarie Infrastructure raised shares of NVIDIA to an “outperform” rating in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $275.25.

View Our Latest Stock Report on NVIDIA

More NVIDIA News

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NVIDIA Price Performance

NVDA opened at $208.28 on Monday. The firm has a market capitalization of $5.06 trillion, a PE ratio of 42.51, a price-to-earnings-growth ratio of 0.69 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The business’s 50-day moving average is $184.84 and its two-hundred day moving average is $185.52. NVIDIA Corporation has a 1 year low of $104.08 and a 1 year high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, beating the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 73.2% on a year-over-year basis. Research analysts anticipate that NVIDIA Corporation will post 7.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA’s dividend payout ratio is currently 0.82%.

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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