Uptown Financial Advisors LLC Sells 3,362 Shares of NVIDIA Corporation $NVDA

Uptown Financial Advisors LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 25.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,957 shares of the computer hardware maker’s stock after selling 3,362 shares during the period. NVIDIA comprises 1.5% of Uptown Financial Advisors LLC’s holdings, making the stock its 16th largest position. Uptown Financial Advisors LLC’s holdings in NVIDIA were worth $1,858,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA during the 2nd quarter worth approximately $28,000. Winnow Wealth LLC acquired a new stake in NVIDIA during the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC boosted its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA in the second quarter valued at $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new position in shares of NVIDIA in the second quarter valued at $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the sale, the chief financial officer owned 1,286,826 shares in the company, valued at approximately $229,196,578.86. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred 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. This trade represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,936,474 shares of company stock valued at $354,356,742. Company insiders own 4.17% of the company’s stock.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

NVIDIA Trading Up 1.3%

Shares of NASDAQ:NVDA opened at $188.85 on Friday. The business’s 50 day simple moving average is $186.62 and its 200 day simple moving average is $178.06. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The company has a market capitalization of $4.59 trillion, a P/E ratio of 46.86, a P/E/G ratio of 0.91 and a beta of 2.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company’s revenue was up 62.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. DZ Bank restated a “buy” rating on shares of NVIDIA in a research note on Thursday, November 20th. Wedbush raised their price objective on shares of NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Raymond James Financial set a $272.00 price objective on NVIDIA and gave the stock a “strong-buy” rating in a report on Thursday, November 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Loop Capital lifted their price target on NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $262.14.

View Our Latest Analysis on NVIDIA

NVIDIA Profile

(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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