NVIDIA Co. (NASDAQ:NVDA) Stock Position Increased by McAlister Sweet & Associates Inc.

McAlister Sweet & Associates Inc. lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 49,572 shares of the computer hardware maker’s stock after purchasing an additional 509 shares during the quarter. NVIDIA makes up about 4.7% of McAlister Sweet & Associates Inc.’s portfolio, making the stock its 6th largest position. McAlister Sweet & Associates Inc.’s holdings in NVIDIA were worth $6,657,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NVDA. Ironwood Wealth Management LLC. raised its position in NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after acquiring an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. grew its stake in shares of NVIDIA by 900.0% during the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock worth $445,000 after purchasing an additional 3,240 shares during the period. Tobam increased its holdings in shares of NVIDIA by 811.4% during the 2nd quarter. Tobam now owns 41,489 shares of the computer hardware maker’s stock valued at $5,126,000 after purchasing an additional 36,937 shares in the last quarter. Heritage Family Offices LLP acquired a new position in shares of NVIDIA in the 2nd quarter valued at $257,000. Finally, Abacus Planning Group Inc. boosted its holdings in NVIDIA by 1,194.4% during the second quarter. Abacus Planning Group Inc. now owns 28,231 shares of the computer hardware maker’s stock worth $3,488,000 after buying an additional 26,050 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Loop Capital reaffirmed a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Wednesday, November 20th. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, January 8th. Needham & Company LLC increased their price target on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Melius Research boosted their price objective on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Wedbush increased their target price on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

NVIDIA Trading Down 3.1 %

Shares of NVIDIA stock opened at $142.62 on Friday. NVIDIA Co. has a fifty-two week low of $60.57 and a fifty-two week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 56.13, a PEG ratio of 2.65 and a beta of 1.64. The stock has a 50 day moving average of $138.72 and a 200 day moving average of $129.57.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period last year, the company earned $0.38 EPS. The company’s quarterly revenue was up 93.6% on a year-over-year basis. As a group, research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Company insiders own 4.23% of the company’s stock.

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.