Savvy Advisors Inc. Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Savvy Advisors Inc. increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 745.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 642,405 shares of the computer hardware maker's stock after acquiring an additional 566,435 shares during the period. NVIDIA makes up approximately 10.4% of Savvy Advisors Inc.'s investment portfolio, making the stock its biggest position. Savvy Advisors Inc.'s holdings in NVIDIA were worth $86,269,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. raised its position in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares during the period. Principal Financial Group Inc. grew its stake in NVIDIA by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter. NCP Inc. grew its stake in shares of NVIDIA by 14.6% in the 3rd quarter. NCP Inc. now owns 206,065 shares of the computer hardware maker's stock valued at $25,025,000 after buying an additional 26,175 shares during the period. Capital Counsel LLC NY grew its stake in shares of NVIDIA by 10.6% in the 3rd quarter. Capital Counsel LLC NY now owns 3,085 shares of the computer hardware maker's stock valued at $375,000 after buying an additional 295 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in shares of NVIDIA by 7.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,325,358 shares of the computer hardware maker's stock worth $160,951,000 after purchasing an additional 94,091 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last 90 days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $6.93 during mid-day trading on Tuesday, hitting $129.93. The stock had a trading volume of 327,417,936 shares, compared to its average volume of 296,205,755. The stock has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 1.76 and a beta of 2.11. 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 company has a 50 day simple moving average of $110.40 and a 200-day simple moving average of $127.06. 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, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.36%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NVDA. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Citigroup reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, TD Cowen cut their price objective on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $164.84.

About NVIDIA

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.