ARQ Wealth Advisors LLC Has $824,000 Stake in NVIDIA Corporation $NVDA

ARQ Wealth Advisors LLC reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 77.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,418 shares of the computer hardware maker’s stock after selling 15,275 shares during the period. ARQ Wealth Advisors LLC’s holdings in NVIDIA were worth $824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Center for Financial Planning Inc. grew its position in NVIDIA by 4.6% during the second 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 during the last quarter. Atria Investments Inc lifted its holdings in shares of NVIDIA by 3.2% in the 2nd quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after acquiring an additional 29,479 shares during the last quarter. Svenska Handelsbanken AB publ bought a new stake in shares of NVIDIA in the 3rd quarter worth approximately $37,316,000. Oak Ridge Investments LLC boosted its stake in shares of NVIDIA by 2.2% in the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker’s stock valued at $181,143,000 after purchasing an additional 20,559 shares in the last quarter. Finally, Whalen Wealth Management Inc. grew its holdings in shares of NVIDIA by 20.3% during the 3rd 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. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total transaction of $4,856,900.80. Following the completion of the transaction, the chief financial officer owned 846,772 shares in the company, valued at $148,794,775.84. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 300,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $182.52, for a total value of $54,756,000.00. Following the completion of the sale, the executive vice president directly owned 3,318,547 shares of the company’s stock, valued at $605,701,198.44. The trade was a 8.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 798,284 shares of company stock valued at $146,064,329. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $178.81 on Friday. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.34 trillion, a P/E ratio of 36.49, a P/E/G ratio of 0.61 and a beta of 2.33. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The firm has a 50-day moving average of $184.84 and a 200-day moving average of $184.12.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.NVIDIA’s revenue was up 73.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is 0.82%.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wedbush lifted their target price on shares of NVIDIA from $230.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. TD Cowen restated a “buy” rating and set a $235.00 price target on shares of NVIDIA in a research report on Tuesday. William Blair set a $300.00 price objective on NVIDIA in a report on Thursday, March 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of NVIDIA in a research note on Tuesday. Finally, Melius Research increased their target price on NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of “Buy” and an average target price of $275.40.

Read Our Latest Stock Report on NVDA

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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