18,321 Shares in NVIDIA Corporation $NVDA Bought by Breakthru Advisory Services LLC

Breakthru Advisory Services LLC acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) during the third quarter, Holdings Channel.com reports. The firm acquired 18,321 shares of the computer hardware maker’s stock, valued at approximately $3,418,000. NVIDIA comprises about 2.2% of Breakthru Advisory Services LLC’s portfolio, making the stock its 11th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. boosted its position in NVIDIA by 4.6% during the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock valued at $1,332,000 after acquiring an additional 367 shares in the last quarter. Atria Investments Inc lifted its stake in shares of NVIDIA by 3.2% during the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after purchasing an additional 29,479 shares during the last quarter. Fielder Capital Group LLC boosted its position in NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after purchasing an additional 4,444 shares in the last quarter. MADDEN SECURITIES Corp boosted its position in NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Finally, Whalen Wealth Management Inc. grew its stake in NVIDIA by 20.3% in the third quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker’s stock valued at $6,808,000 after purchasing an additional 6,162 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 3.0%

Shares of NVDA stock opened at $189.21 on Wednesday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm has a market capitalization of $4.60 trillion, a PE ratio of 46.95, a P/E/G ratio of 0.90 and a beta of 2.29. 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 stock’s 50-day simple moving average is $185.67 and its 200-day simple moving average is $176.04.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be paid a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

Insider Buying and Selling at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the transaction, the director directly owned 6,933,280 shares in the company, valued at $1,229,478,542.40. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $183.38, for a total value of $13,753,500.00. Following the sale, the chief executive officer directly owned 70,033,203 shares in the company, valued at $12,842,688,766.14. This represents a 0.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,236,474 shares of company stock worth $409,429,992. 4.17% of the stock is currently owned by company insiders.

Trending Headlines about NVIDIA

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Analysts Set New Price Targets

Several research firms have commented on NVDA. Jefferies Financial Group reissued a “buy” rating and set a $250.00 price target (up from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Barclays boosted their price objective on shares of NVIDIA from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Raymond James Financial set a $272.00 target price on shares of NVIDIA and gave the company a “strong-buy” rating in a research note on Thursday, November 20th. President Capital lifted their price target on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 28th. Finally, Morgan Stanley increased their price objective on NVIDIA from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $262.14.

Get Our Latest Stock Analysis on NVDA

About NVIDIA

(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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