Good Life Advisors LLC Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

Good Life Advisors LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,058 shares of the computer hardware maker’s stock after selling 317 shares during the period. Good Life Advisors LLC’s holdings in NVIDIA were worth $1,190,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Carnegie Capital Asset Management LLC raised its stake in NVIDIA by 4.1% during the third quarter. Carnegie Capital Asset Management LLC now owns 34,069 shares of the computer hardware maker’s stock worth $5,930,000 after acquiring an additional 1,329 shares during the period. Squarepoint Ops LLC acquired a new stake in NVIDIA during the third quarter worth about $6,260,000. Baker Avenue Asset Management LP raised its stake in NVIDIA by 15.6% during the third quarter. Baker Avenue Asset Management LP now owns 10,205 shares of the computer hardware maker’s stock worth $1,776,000 after acquiring an additional 1,375 shares during the period. Contravisory Investment Management Inc. acquired a new stake in NVIDIA during the fourth quarter worth about $75,000. Finally, Strategic Wealth Advisors Group LLC increased its stake in shares of NVIDIA by 20.7% in the third quarter. Strategic Wealth Advisors Group LLC now owns 14,395 shares of the computer hardware maker’s stock valued at $2,505,000 after purchasing an additional 2,471 shares during the period. 65.02% of the stock is owned by institutional investors.

In other NVIDIA news, CFO Colette Kress sold 2,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $235.43, for a total value of $470,860.00. Following the completion of the sale, the chief financial officer now owns 169,989 shares in the company, valued at approximately $40,020,510.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Debora Shoquist sold 12,193 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $216.04, for a total transaction of $2,634,175.72. Following the completion of the sale, the executive vice president now owns 151,232 shares of the company’s stock, valued at approximately $32,672,161.28. The disclosure for this sale can be found here. Insiders sold a total of 45,785 shares of company stock valued at $9,965,644 in the last ninety days. Company insiders own 4.64% of the company’s stock.

NASDAQ:NVDA traded up $0.31 during trading hours on Friday, reaching $249.24. 1,774,619 shares of the company’s stock were exchanged, compared to its average volume of 7,045,799. The company has a market capitalization of $152.38 billion, a P/E ratio of 41.06, a price-to-earnings-growth ratio of 6.13 and a beta of 2.04. NVIDIA Co. has a 12 month low of $131.00 and a 12 month high of $252.99. The company has a quick ratio of 7.71, a current ratio of 8.42 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $230.42 and its two-hundred day simple moving average is $192.37.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.21. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the firm posted $1.84 earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 4.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Wednesday, November 27th. NVIDIA’s dividend payout ratio is 10.54%.

Several equities research analysts have commented on NVDA shares. Susquehanna Bancshares raised their price target on shares of NVIDIA from $190.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Evercore ISI raised their price target on shares of NVIDIA from $185.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. ValuEngine lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Craig Hallum restated a “positive” rating and issued a $300.00 price target (up previously from $255.00) on shares of NVIDIA in a research note on Monday. Finally, Piper Sandler raised their price target on shares of NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $228.86.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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