Advisor Resource Council Has $720,000 Holdings in NVIDIA Co. (NASDAQ:NVDA)

Advisor Resource Council decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 70.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,360 shares of the computer hardware maker's stock after selling 12,893 shares during the period. NVIDIA accounts for approximately 0.5% of Advisor Resource Council's portfolio, making the stock its 23rd largest holding. Advisor Resource Council's holdings in NVIDIA were worth $720,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at $8,252,000. Leigh Baldwin & CO. LLC acquired a new stake in NVIDIA during the fourth quarter worth about $6,677,000. Armis Advisers LLC acquired a new stake in NVIDIA during the fourth quarter worth about $4,216,000. Chokshi & Queen Wealth Advisors Inc acquired a new stake in NVIDIA during the fourth quarter worth about $11,222,000. Finally, Instrumental Wealth LLC increased its stake in shares of NVIDIA by 8.1% in the fourth quarter. Instrumental Wealth LLC now owns 10,228 shares of the computer hardware maker's stock valued at $1,375,000 after purchasing an additional 768 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several analyst reports. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. DA Davidson raised their target price on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Piper Sandler restated an "overweight" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Activity

In other news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director now owns 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,257,983 shares of company stock valued at $172,973,349 in the last 90 days. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Up 1.2%

NVDA traded up $1.73 during mid-day trading on Friday, reaching $141.72. The stock had a trading volume of 153,523,162 shares, compared to its average volume of 279,137,824. The stock has a market capitalization of $3.46 trillion, a P/E ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm's fifty day simple moving average is $118.45 and its two-hundred day simple moving average is $126.38. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. On average, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.