Ethos Financial Group LLC Has $8.52 Million Stock Holdings in NVIDIA Corporation $NVDA

Ethos Financial Group LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 30.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,933 shares of the computer hardware maker’s stock after acquiring an additional 12,612 shares during the period. Ethos Financial Group LLC’s holdings in NVIDIA were worth $8,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Brighton Jones LLC increased its holdings in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE grew its position in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC increased its stake in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. raised its holdings in shares of NVIDIA by 15.7% in the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after purchasing an additional 896 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BNP Paribas Exane lifted their price target on NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Jefferies Financial Group reissued a “buy” rating and set a $250.00 target price (up from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Wolfe Research raised their price target on NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Melius Research upped their price objective on shares of NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $258.65.

NVIDIA Trading Down 1.0%

Shares of NVIDIA stock opened at $179.59 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a 50-day moving average of $186.94 and a 200-day moving average of $171.41. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The stock has a market cap of $4.36 trillion, a PE ratio of 44.56, a PEG ratio of 0.89 and a beta of 2.29.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue was up 62.5% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is currently 0.99%.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 626 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $179.42, for a total transaction of $112,316.92. Following the transaction, the director owned 17,792 shares in the company, valued at $3,192,240.64. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the sale, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,937,203 shares of company stock valued at $529,264,894 over the last 90 days. 4.17% of the stock is owned by corporate insiders.

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.