Huntleigh Advisors Inc. Has $69.88 Million Stock Holdings in NVIDIA Corporation $NVDA

Huntleigh Advisors Inc. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,510 shares of the computer hardware maker’s stock after selling 19,982 shares during the quarter. NVIDIA accounts for approximately 11.9% of Huntleigh Advisors Inc.’s investment portfolio, making the stock its biggest holding. Huntleigh Advisors Inc.’s holdings in NVIDIA were worth $69,876,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Harbor Asset Planning Inc. bought a new position in NVIDIA in the second quarter valued at approximately $28,000. Winnow Wealth LLC bought a new stake in shares of NVIDIA during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC boosted its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA in the second quarter valued at $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought 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.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $188.60 on Wednesday. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a 50-day simple moving average of $184.43 and a two-hundred day simple moving average of $183.14. The stock has a market capitalization of $4.58 trillion, a price-to-earnings ratio of 46.80, a price-to-earnings-growth ratio of 0.58 and a beta of 2.31.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. Robert W. Baird reiterated an “outperform” rating and issued a $275.00 price target on shares of NVIDIA in a research note on Friday, December 26th. Royal Bank Of Canada reiterated a “buy” rating on shares of NVIDIA in a research note on Thursday, January 15th. Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. DA Davidson reaffirmed a “buy” rating and issued a $250.00 price objective on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Citic Securities boosted their target price on NVIDIA from $237.00 to $242.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $263.98.

Read Our Latest Research Report on NVIDIA

Insider Activity

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the sale, the director owned 6,933,280 shares of the company’s stock, valued at approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 200,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $180.04, for a total value of $36,008,000.00. Following the transaction, the executive vice president directly owned 3,618,547 shares of the company’s stock, valued at $651,483,201.88. This trade represents a 5.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,611,474 shares of company stock worth $291,731,692. Insiders own 4.17% of the company’s stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

NVIDIA Company 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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