Client 1ST Advisory Group LLC Purchases Shares of 8,053 NVIDIA Co. (NASDAQ:NVDA)

Client 1ST Advisory Group LLC has taken a new investment position by purchasing shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, as reported in their recent filing with the Securities & Exchange Commission. The group acquired 8,053 shares of NVIDIA, which amounts to an investment of approximately $1,081,000.

Recent Institutional Investments

In recent months, there has been notable activity among other institutional investors and hedge funds in relation to NVIDIA shares. For instance, Geode Capital Management LLC increased its stake in NVIDIA by 2.2% during the third quarter, bringing its total to 546,079,492 shares, valued at around $66.1 billion, after adding 11,525,969 shares during the period. Similarly, Legal & General Group Plc made a remarkable increase of 884.0% to its holdings during the second quarter, acquiring an additional 191,469,114 shares to total 213,127,959 shares valued at approximately $26.3 billion.

UBS AM, a unit of UBS Asset Management Americas LLC, also enhanced its position by 3.8% in the third quarter, raising its ownership to 180,403,789 shares worth about $21.9 billion after acquiring 6,526,200 shares. Charles Schwab Investment Management Inc. raised its holdings by 1.4% during the same quarter and now owns 146,069,090 shares valued at $17.7 billion. Furthermore, Ameriprise Financial Inc. expanded its stake in NVIDIA dramatically by 870.3% in the second quarter, now holding 102,422,225 shares valued at $12.7 billion. Overall, institutional investors and hedge funds collectively own 65.27% of NVIDIA's stock.

Insider Activity

In additional news regarding NVIDIA's insider activities, executive vice president Ajay K. Puri sold 36,462 shares on January 6, realizing $5,509,408.20 from the sale, with shares sold at an average price of $151.10. This transaction resulted in a slight reduction in his stake, which now consists of 3,902,888 shares valued at around $589.7 million. Meanwhile, CFO Colette Kress sold 66,670 shares on December 13 for $9,027,118. Following this sale, her current holdings amount to 3,351,572 shares valued at approximately $453.8 million. Overall, within the last quarter, company insiders sold a total of 1,108,348 shares, amounting to $146,506,958. Currently, insiders hold about 4.23% of the stock.

Analyst Ratings and Expectations

Numerous analysts have recently updated their ratings on NVIDIA shares. Loop Capital maintained a "buy" rating with a price target of $175.00 in a report released on November 20. Melius Research increased their target from $165.00 to $185.00 while also giving NVIDIA a "buy" rating. Additionally, Stifel Nicolaus boosted its price target from $165.00 to $180.00 in a report published on November 19. Goldman Sachs raised its price target from $150.00 to $165.00, and Morgan Stanley revised theirs from $166.00 to $152.00, classifying the stock as "overweight." Currently, there’s a consensus rating of "Moderate Buy" from 38 buy ratings and 4 hold ratings for the stock, with an average price target of $166.23 as per data from MarketBeat.com.

NVIDIA Stock Movement

NVIDIA shares opened at $129.84 on a recent Friday session. The company has a 50-day simple moving average of $135.31 and a 200-day simple moving average of $129.39. With a debt-to-equity ratio of 0.13, the current ratio is recorded at 4.10 and the quick ratio at 3.64. NVIDIA's stock has fluctuated between a one-year low of $66.25 and a high of $153.13, bringing its market capitalization to around $3.18 trillion. The company exhibits a P/E ratio of 51.10 and a PEG ratio of 1.62.

NVIDIA recently announced its earnings results, reflecting an EPS of $0.81 for the quarter, surpassing estimates of $0.69. The company achieved a remarkable year-over-year revenue increase of 93.6%, reporting $35.08 billion in revenue against expected figures of $33.15 billion.

Dividend Information

The firm declared a quarterly dividend that was paid out on December 27, with a recorded dividend of $0.01 per share. The annualized dividend amount stands at $0.04, providing a yield of 0.03%. The ex-dividend date for this payout was December 5, with NVIDIA's current payout ratio at just 1.57%.

NVIDIA Overview

NVIDIA Corporation specializes in graphics, compute, and networking solutions across various markets including the United States, Taiwan, China, and others worldwide. The company is recognized for its GeForce GPUs for gaming, the GeForce NOW streaming platform, enterprise workstation graphics through Quadro/NVIDIA RTX GPUs, virtual GPU software solutions, and automotive platforms among other products.

NVIDIA, Investment, Shares