Northeast Financial Consultants Inc Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Northeast Financial Consultants Inc boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,402 shares of the computer hardware maker’s stock after acquiring an additional 126 shares during the period. Northeast Financial Consultants Inc’s holdings in NVIDIA were worth $8,942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in NVIDIA by 948.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 41,388 shares of the computer hardware maker’s stock valued at $12,173,000 after acquiring an additional 37,439 shares during the period. JT Stratford LLC raised its holdings in NVIDIA by 5.9% in the fourth quarter. JT Stratford LLC now owns 15,332 shares of the computer hardware maker’s stock worth $4,509,000 after buying an additional 852 shares during the last quarter. Eagle Strategies LLC purchased a new position in NVIDIA in the fourth quarter worth about $1,508,000. Lowell Blake & Associates Inc. raised its holdings in NVIDIA by 3.1% in the fourth quarter. Lowell Blake & Associates Inc. now owns 54,955 shares of the computer hardware maker’s stock worth $16,163,000 after buying an additional 1,636 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC purchased a new position in NVIDIA in the fourth quarter worth about $233,000. 55.19% of the stock is owned by institutional investors.

Several brokerages have issued reports on NVDA. Mizuho lifted their target price on shares of NVIDIA from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Thursday, February 17th. Oppenheimer decreased their target price on shares of NVIDIA from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday. Robert W. Baird lowered shares of NVIDIA from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $360.00 to $225.00 in a research note on Monday, April 11th. Truist Financial reduced their price target on shares of NVIDIA from $347.00 to $298.00 in a research note on Friday, April 8th. Finally, The Goldman Sachs Group began coverage on shares of NVIDIA in a research note on Monday, March 7th. They issued a “neutral” rating and a $245.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and an average target price of $315.12.

Shares of NVDA stock traded up $4.69 during mid-day trading on Thursday, hitting $174.07. The company had a trading volume of 1,352,171 shares, compared to its average volume of 60,302,988. NVIDIA Co. has a 52-week low of $135.43 and a 52-week high of $346.47. The stock’s 50 day moving average price is $222.01 and its 200-day moving average price is $255.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05. The company has a market capitalization of $507.02 billion, a P/E ratio of 43.77, a P/E/G ratio of 2.18 and a beta of 1.59.

NVIDIA (NASDAQ:NVDAGet Rating) last released its earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 EPS for the quarter, topping the consensus estimate of $1.01 by $0.13. NVIDIA had a net margin of 36.24% and a return on equity of 42.99%. The firm had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Co. will post 4.71 earnings per share for the current year.

In related news, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $274.06, for a total transaction of $27,406,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 292,340 shares of the company’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $237.12, for a total transaction of $69,319,660.80. The disclosure for this sale can be found here. Insiders sold 409,056 shares of company stock worth $101,135,342 in the last three months. Insiders own 4.47% of the company’s stock.

NVIDIA Profile (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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