Investmark Advisory Group LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

On January 17, 2025, it was reported that Investmark Advisory Group LLC has increased its investment in NVIDIA Corporation (NASDAQ:NVDA) by 0.8% during the third quarter, as revealed in their latest 13F filing with the Securities and Exchange Commission. Following the acquisition of an additional 127 shares, Investmark Advisory Group LLC now owns a total of 15,919 shares, valued at approximately $1,933,000.

Other large investors have also made adjustments to their holdings of NVIDIA. For instance, Hoertkorn Richard Charles increased its share count by 2.0%, now holding 3,490 shares worth $424,000 after adding 70 shares. Similarly, Smart Portfolios LLC raised its stake by 2.7%, owning 2,805 shares valued at $341,000 after acquiring an additional 75 shares. Palisade Asset Management LLC uplifted its holdings by 0.5%, now owning 15,363 shares valued at around $1,866,000 after purchasing 75 shares. Total Wealth Planning LLC enhanced its share count by 3.6%, with 2,275 shares now valued at $276,000 after buying 78 shares. Lastly, Boyd Watterson Asset Management LLC OH has increased its shares by 0.3%, owning 30,080 shares worth approximately $3,653,000 following an acquisition of an additional 80 shares. Collectively, institutional investors now hold 65.27% of NVIDIA's stock.

Recent Insider Transactions

In related news, recent insider transactions have also been noteworthy. Ajay K. Puri, the Executive Vice President, sold 36,462 shares on January 6, 2025, at an average price of $151.10, totaling about $5.5 million. After this sale, Puri retains ownership of 3,902,888 shares valued at approximately $589.7 million. Similarly, Colette Kress, the CFO, sold 66,670 shares on December 13, 2024, at an average price of $135.40, for $9 million. Following this transaction, she now owns 3,351,572 shares valued at about $453.8 million. During the last quarter, insiders sold a total of 1,108,348 shares worth $146.5 million, representing 4.23% of the company stock currently held by insiders.

Analyst Perspectives

NVIDIA has garnered attention from analysts in recent research reports. Rosenblatt Securities reiterated a “buy” rating, setting a price target of $220.00 for NVIDIA shares as of January 8, 2025. Needham & Company LLC raised its price objective from $145.00 to $160.00 and maintained a “buy” rating on November 21, 2024. Another firm, Susquehanna, increased its price target from $160.00 to $180.00, rating the stock positively. Citigroup also lifted its target from $170.00 to $175.00 with a “buy” recommendation. Oppenheimer has maintained an “outperform” rating with a target price of $175.00. Overall, analysts have given NVIDIA a mix of ratings, with four having a hold rating, thirty-nine giving a buy recommendation, and one rating it as a strong buy. MarketBeat.com indicates an average rating of “Moderate Buy” with a target price of $164.27.

Current Stock Performance

NVIDIA shares have recently faced a downturn, trading down 2.0% to open at $133.57. The stock has a 50-day moving average of $139.49 and a 200-day moving average of $128.87. Key financial ratios indicate the company has a current ratio of 4.10, a quick ratio of 3.64, and a low debt-to-equity ratio of 0.13. Over the last year, NVIDIA's stock has fluctuated between a low of $54.74 and a high of $153.13, maintaining a market capitalization of $3.27 trillion, a price-to-earnings (P/E) ratio of 52.57, and a price-to-earnings growth (P/E/G) ratio of 2.45, accompanied by a beta of 1.64.

Recent Earnings and Dividend Announcement

NVIDIA's most recent earnings report was released on November 20, 2024, showing $0.81 earnings per share (EPS), surpassing the expected $0.69 EPS estimate by $0.12. The company reported a return on equity of 114.83% and net margins of 55.69%. Total revenue for that quarter reached $35.08 billion, exceeding the consensus estimate of $33.15 billion and increasing significantly by 93.6% from the same quarter last year. Analysts predict an EPS of 2.78 for the current year.

NVIDIA has also announced a quarterly dividend, with the last payment made on December 27, 2024, amounting to $0.01 per share. This leads to an annualized dividend of $0.04 with a dividend yield of 0.03%. The ex-dividend date was December 5, 2024. Presently, the company shows a dividend payout ratio of 1.57%.

NVIDIA Overview

NVIDIA Corporation specializes in providing graphics, compute, and networking solutions across various regions, including the United States and internationally. It offers a range of products such as GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service, and enterprise workstation graphics solutions. They also provide automotive platforms for infotainment systems and software for metaverse applications.

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