NVIDIA Co. (NASDAQ:NVDA) is White Knight Strategic Wealth Advisors LLC's 2nd Largest Position

White Knight Strategic Wealth Advisors LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 100.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,382 shares of the computer hardware maker's stock after buying an additional 51,223 shares during the quarter. NVIDIA makes up about 5.8% of White Knight Strategic Wealth Advisors LLC's investment portfolio, making the stock its 2nd largest holding. White Knight Strategic Wealth Advisors LLC's holdings in NVIDIA were worth $13,749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after acquiring an additional 322 shares in the last quarter. Wealth Group Ltd. raised its stake in shares of NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in NVIDIA by 135.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 231,520 shares of the computer hardware maker's stock worth $31,091,000 after acquiring an additional 133,060 shares during the period. Meridian Financial Partners LLC lifted its position in NVIDIA by 0.4% in the fourth quarter. Meridian Financial Partners LLC now owns 23,674 shares of the computer hardware maker's stock worth $3,179,000 after purchasing an additional 87 shares during the period. Finally, Acropolis Investment Management LLC boosted its stake in NVIDIA by 1.0% in the fourth quarter. Acropolis Investment Management LLC now owns 53,689 shares of the computer hardware maker's stock worth $7,210,000 after purchasing an additional 548 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Up 2.8%

NVIDIA stock traded up $3.84 on Tuesday, hitting $141.22. 224,730,554 shares of the stock traded hands, compared to its average volume of 283,923,337. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business's fifty day simple moving average is $115.95 and its 200 day simple moving average is $126.21. The firm has a market cap of $3.45 trillion, a P/E ratio of 55.58, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

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

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Rosenblatt Securities increased their target price on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $171.66.

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.