Sanders Morris Harris LLC Has $26.38 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Sanders Morris Harris LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 195,701 shares of the computer hardware maker’s stock after acquiring an additional 691 shares during the quarter. NVIDIA accounts for approximately 3.9% of Sanders Morris Harris LLC’s investment portfolio, making the stock its 5th biggest position. Sanders Morris Harris LLC’s holdings in NVIDIA were worth $26,382,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. BFI Infinity Ltd. acquired a new position in NVIDIA during the fourth quarter worth $531,000. Mirador Capital Partners LP boosted its holdings in NVIDIA by 0.4% during the fourth quarter. Mirador Capital Partners LP now owns 55,154 shares of the computer hardware maker’s stock worth $7,407,000 after purchasing an additional 232 shares during the last quarter. Guardian Financial Partners LLC boosted its holdings in NVIDIA by 23.8% during the fourth quarter. Guardian Financial Partners LLC now owns 10,007 shares of the computer hardware maker’s stock worth $1,344,000 after purchasing an additional 1,921 shares during the last quarter. IFS Advisors LLC boosted its holdings in NVIDIA by 17.1% during the fourth quarter. IFS Advisors LLC now owns 1,060 shares of the computer hardware maker’s stock worth $142,000 after purchasing an additional 155 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in NVIDIA by 10.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 148,930 shares of the computer hardware maker’s stock worth $20,000,000 after purchasing an additional 14,363 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 2.8 %

NVDA opened at $116.66 on Tuesday. The company’s 50 day moving average is $136.58 and its 200-day moving average is $129.41. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.86 trillion, a P/E ratio of 45.91, a PEG ratio of 2.16 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period last year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 93.6% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent analyst reports. Phillip Securities reiterated an “accumulate” rating and issued a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Tigress Financial upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating and increased their price target for the company from $170.00 to $220.00 in a research note on Tuesday, January 28th. Wedbush increased their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Evercore ISI increased their price target on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Loop Capital reiterated a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $166.23.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.