Stillwater Capital Advisors LLC Sells 4,036 Shares of NVIDIA Corporation $NVDA

Stillwater Capital Advisors LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,484 shares of the computer hardware maker’s stock after selling 4,036 shares during the quarter. NVIDIA makes up about 6.7% of Stillwater Capital Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Stillwater Capital Advisors LLC’s holdings in NVIDIA were worth $62,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC grew its position in NVIDIA by 2.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 32,562 shares of the computer hardware maker’s stock valued at $6,073,000 after buying an additional 768 shares during the period. Fairvoy Private Wealth LLC raised its position in shares of NVIDIA by 1.4% in the fourth quarter. Fairvoy Private Wealth LLC now owns 35,609 shares of the computer hardware maker’s stock worth $6,641,000 after acquiring an additional 503 shares during the period. Crumly & Associates Inc. boosted its stake in shares of NVIDIA by 1.6% during the 4th quarter. Crumly & Associates Inc. now owns 11,565 shares of the computer hardware maker’s stock worth $2,157,000 after acquiring an additional 181 shares in the last quarter. Chris Bulman Inc grew its position in shares of NVIDIA by 31.1% during the 4th quarter. Chris Bulman Inc now owns 4,771 shares of the computer hardware maker’s stock valued at $890,000 after acquiring an additional 1,131 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of NVIDIA by 43.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,825,278 shares of the computer hardware maker’s stock valued at $340,414,000 after acquiring an additional 548,979 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares of the company’s stock, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 221,682 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the sale, the director owned 7,399,771 shares of the company’s stock, valued at approximately $1,285,192,227.28. The trade was a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,401,616 shares of company stock worth $253,555,407. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVDA. Zacks Research raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Barclays restated a “buy” rating on shares of NVIDIA in a research report on Thursday, February 26th. Itau BBA Securities reaffirmed a “market perform” rating on shares of NVIDIA in a research note on Thursday, February 26th. The Goldman Sachs Group set a $250.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, William Blair set a $300.00 price target on shares of NVIDIA in a research note on Thursday, March 12th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $275.25.

Check Out Our Latest Research Report on NVDA

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

NVIDIA Stock Performance

NASDAQ:NVDA opened at $177.39 on Friday. The company has a market cap of $4.31 trillion, a P/E ratio of 36.20, a P/E/G ratio of 0.59 and a beta of 2.34. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company’s 50-day moving average price is $182.41 and its 200-day moving average price is $184.24. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.82%.

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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