Auctus Advisors LLC Buys New Shares in NVIDIA Corporation $NVDA

Auctus Advisors LLC bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,099 shares of the computer hardware maker’s stock, valued at approximately $578,000. NVIDIA makes up about 0.5% of Auctus Advisors LLC’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Winnow Wealth LLC acquired a new stake in NVIDIA in the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC raised its holdings in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA in the second quarter valued at $40,000. Sellwood Investment Partners LLC bought a new position in shares of NVIDIA in the third quarter valued at $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new position in shares of NVIDIA during the second quarter valued at about $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 42,650 shares of NVIDIA stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the transaction, the chief financial officer owned 881,387 shares in the company, valued at $154,145,772.43. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $184.90, for a total transaction 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. The trade was a 16.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,401,616 shares of company stock worth $253,555,407 in the last ninety days. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and issued a $250.00 target price on shares of NVIDIA in a report on Monday, February 23rd. Itau BBA Securities reiterated a “market perform” rating on shares of NVIDIA in a research note on Thursday, February 26th. The Goldman Sachs Group set a $250.00 price objective on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, February 25th. Fundamental Research set a $218.00 price objective on NVIDIA in a research note on Thursday, February 26th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $325.00 target price on shares of NVIDIA in a report on Monday, March 23rd. Four 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $275.25.

Check Out Our Latest Stock Report on NVIDIA

NVIDIA Price Performance

NVIDIA stock opened at $177.39 on Monday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The business’s 50 day simple moving average is $182.41 and its 200 day simple moving average is $184.33. The company has a market cap of $4.31 trillion, a price-to-earnings ratio of 36.20, a PEG ratio of 0.59 and a beta of 2.34.

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, topping analysts’ consensus estimates of $1.54 by $0.08. The business had revenue of $68.13 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.89 earnings per share. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Trending Headlines about NVIDIA

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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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