ARQ Wealth Advisors LLC Has $824,000 Stock Holdings in NVIDIA Corporation $NVDA

ARQ Wealth Advisors LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 77.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,418 shares of the computer hardware maker’s stock after selling 15,275 shares during the period. ARQ Wealth Advisors LLC’s holdings in NVIDIA were worth $824,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Winnow Wealth LLC acquired a new stake in NVIDIA during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC boosted its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new position in NVIDIA in the 2nd quarter valued at $40,000. Sellwood Investment Partners LLC bought a new position in NVIDIA during the 3rd quarter worth $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new position in NVIDIA during the 2nd quarter worth $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 0.9%

Shares of NVDA opened at $178.81 on Friday. The firm has a 50 day simple moving average of $184.84 and a two-hundred day simple moving average of $184.12. The company has a market cap of $4.34 trillion, a P/E ratio of 36.49, a P/E/G ratio of 0.61 and a beta of 2.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19.

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

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 3,004 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the completion of the transaction, the director owned 14,788 shares of the company’s stock, valued at $2,734,301.20. This represents a 16.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $182.52, for a total value of $54,756,000.00. Following the completion of the transaction, the executive vice president owned 3,318,547 shares of the company’s stock, valued at $605,701,198.44. This represents a 8.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 798,284 shares of company stock worth $146,064,329 in the last 90 days. Insiders own 4.17% of the company’s stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. BNP Paribas Exane boosted their target price on shares of NVIDIA from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a research report on Friday, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of NVIDIA from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. KeyCorp restated an “overweight” rating and set a $275.00 target price on shares of NVIDIA in a research report on Tuesday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $265.00 target price on shares of NVIDIA in a report on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $275.40.

Get Our Latest Stock Report on NVIDIA

NVIDIA Company 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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