NVIDIA Corporation $NVDA Shares Acquired by High Note Wealth LLC

High Note Wealth LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 105.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,182 shares of the computer hardware maker’s stock after purchasing an additional 16,544 shares during the quarter. NVIDIA accounts for 1.2% of High Note Wealth LLC’s holdings, making the stock its 24th largest holding. High Note Wealth LLC’s holdings in NVIDIA were worth $6,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. AlphaQuest LLC boosted its stake in shares of NVIDIA by 371.2% in the 3rd quarter. AlphaQuest LLC now owns 11,417 shares of the computer hardware maker’s stock valued at $2,130,000 after buying an additional 8,994 shares during the period. Jim Saulnier & Associates LLC lifted its stake in NVIDIA by 52.5% in the third quarter. Jim Saulnier & Associates LLC now owns 2,662 shares of the computer hardware maker’s stock worth $497,000 after acquiring an additional 916 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in NVIDIA by 4.8% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 4,634 shares of the computer hardware maker’s stock worth $865,000 after acquiring an additional 211 shares in the last quarter. Argent Advisors Inc. increased its position in shares of NVIDIA by 18.1% in the 3rd quarter. Argent Advisors Inc. now owns 30,274 shares of the computer hardware maker’s stock valued at $5,649,000 after purchasing an additional 4,643 shares during the last quarter. Finally, Treasure Coast Financial Planning acquired a new stake in shares of NVIDIA in the 3rd quarter valued at $236,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $189.82 on Friday. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.61 trillion, a P/E ratio of 47.10, a PEG ratio of 0.57 and a beta of 2.31. The business has a 50 day simple moving average of $185.19 and a 200-day simple moving average of $183.62. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month 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 EPS 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 quarterly revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Insider Buying and Selling

In other news, Director Harvey C. Jones sold 250,000 shares of the company’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 sale, the director directly owned 6,933,280 shares of the company’s stock, valued at approximately $1,229,478,542.40. This represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $178.11, for a total value of $5,432,355.00. Following the transaction, the chief financial officer directly owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. This represents a 2.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,611,474 shares of company stock valued at $291,731,692 in the last quarter. Corporate insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BNP Paribas Exane increased their target price on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Susquehanna upped their price objective on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research report on Thursday, November 20th. Mizuho set a $275.00 target price on NVIDIA and gave the stock an “outperform” rating in a research report on Friday, January 9th. CICC Research boosted their target price on NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Finally, Bank of America reaffirmed a “buy” rating and issued a $275.00 price target on shares of NVIDIA in a report on Friday, December 26th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $264.20.

View Our Latest Analysis on NVDA

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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