Strategic Investment Advisors MI Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

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Strategic Investment Advisors MI acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,200 shares of the computer hardware maker’s stock, valued at approximately $383,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Marquette Asset Management LLC raised its holdings in NVIDIA by 416.7% during the 3rd quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock valued at $27,000 after buying an additional 125 shares during the period. Pacific Center for Financial Services raised its holdings in NVIDIA by 143.1% during the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock valued at $26,000 after buying an additional 93 shares during the period. Investors Research Corp raised its holdings in NVIDIA by 313.0% during the 3rd quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 144 shares during the period. Field & Main Bank purchased a new stake in NVIDIA during the 2nd quarter valued at $33,000. Finally, American National Bank purchased a new stake in NVIDIA during the 3rd quarter valued at $35,000. 64.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of NVDA traded down $5.60 during midday trading on Friday, reaching $204.19. 26,297,200 shares of the stock were exchanged, compared to its average volume of 7,343,198. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $211.86. The company has a market capitalization of $127.76 billion, a P/E ratio of 33.64, a PEG ratio of 5.39 and a beta of 2.06. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $193.51 and its two-hundred day moving average is $170.40.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.21. NVIDIA had a return on equity of 22.82% and a net margin of 24.08%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Co. will post 4.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.31%. NVIDIA’s payout ratio is 10.54%.

Several analysts recently weighed in on the company. Zacks Investment Research lowered NVIDIA from a “buy” rating to a “hold” rating and set a $206.00 price target on the stock. in a report on Wednesday, October 16th. ValuEngine lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Cascend Securities increased their target price on NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets reiterated a “market perform” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Thursday. Finally, Daiwa Capital Markets set a $200.00 target price on NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $216.69.

In related news, Director Dawn E. Hudson sold 5,000 shares of NVIDIA stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the transaction, the director now directly owns 36,037 shares in the company, valued at $6,188,634.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 31,357 shares of NVIDIA stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $179.01, for a total value of $5,613,216.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,383 shares of company stock valued at $11,625,217. Company insiders own 4.64% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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