SS&H Financial Advisors Inc. Sells 3,675 Shares of NVIDIA Corporation $NVDA

SS&H Financial Advisors Inc. reduced its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 2.6% during the third quarter, Holdings Channel.com reports. The firm owned 137,381 shares of the computer hardware maker’s stock after selling 3,675 shares during the quarter. NVIDIA accounts for approximately 7.8% of SS&H Financial Advisors Inc.’s holdings, making the stock its 2nd biggest position. SS&H Financial Advisors Inc.’s holdings in NVIDIA were worth $25,633,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. New Street Research reaffirmed a “buy” rating and set a $307.00 target price on shares of NVIDIA in a research report on Thursday, October 30th. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $265.00 target price on shares of NVIDIA in a research note on Thursday, November 20th. Citic Securities raised their price target on shares of NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Wolfe Research boosted their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $262.14.

Read Our Latest Analysis on NVIDIA

NVIDIA Stock Performance

NASDAQ NVDA opened at $185.16 on Friday. The company has a market capitalization of $4.50 trillion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 0.92 and a beta of 2.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a 50-day simple moving average of $185.57 and a 200 day simple moving average of $179.25.

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. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The firm had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the firm earned $0.81 EPS. The company’s revenue was up 62.5% compared to the same quarter last year. On average, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were issued a dividend of $0.01 per share. 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 is 0.99%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Insiders Place Their Bets

In other news, EVP Debora Shoquist sold 69,840 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the completion of the transaction, the executive vice president owned 1,424,603 shares in the company, valued at approximately $253,365,643.55. This represents a 4.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the sale, the director owned 6,933,280 shares in the company, valued at $1,229,478,542.40. This represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,711,474 shares of company stock valued at $312,028,242. Company insiders own 4.17% of the company’s stock.

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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