Legal Advantage Investments Inc. Reduces Its Stake in NVIDIA Co. (NASDAQ:NVDA)

Legal Advantage Investments Inc. has reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the fourth quarter, as reported in its most recent filing with the Securities and Exchange Commission. After selling 164 shares, the firm now holds 22,796 shares of the computer hardware company. NVIDIA represents approximately 1.6% of Legal Advantage Investments Inc.’s total holdings, positioning it as the 19th largest stake in their portfolio, with a value of around $3,061,000 at the conclusion of the latest reporting period.

Additionally, several other institutional investors have also engaged in buying and selling shares of NVIDIA. For instance, Christopher J. Hasenberg Inc. made a new investment in NVIDIA during the third quarter, valuing about $27,000. Similarly, University of Texas Texas AM Investment Management Co. acquired a position worth $31,000 in the second quarter, and Legend Financial Advisors Inc. purchased shares worth around $34,000 in the fourth quarter. West Financial Advisors LLC initiated a new stake worth $36,000 in the third quarter. DHJJ Financial Advisors Ltd. increased its position in NVIDIA by 70.0% in the third quarter, now owning 340 shares valued at $41,000 after acquiring an additional 140 shares. Currently, institutional investors control 65.27% of NVIDIA’s stock.

NVIDIA Stock Performance

As of Wednesday, shares of NVIDIA (NASDAQ NVDA) opened at $132.80. The company has seen its stock price range between a 1-year low of $66.25 and a high of $153.13. NVIDIA boasts a market capitalization of $3.25 trillion, with a P/E ratio of 52.26, a price-to-earnings growth (PEG) ratio of 1.62, and a beta of 1.62. The stock has a 50-day moving average of $135.21 and a 200-day moving average of $129.70. Financial metrics show a debt-to-equity ratio of 0.13, a current ratio of 4.10, and a quick ratio of 3.64.

NVIDIA's most recent quarterly earnings report, released on November 20th, showed earnings per share (EPS) of $0.81, exceeding analysts’ expectations of $0.69 by $0.12. The company reported a remarkable net margin of 55.69% and a return on equity of 114.83%. Revenue for the quarter totaled $35.08 billion, surpassing the anticipated $33.15 billion. In comparison to the same period last year, revenue skyrocketed by 93.6%, with the previous year showing an EPS of $0.38. Analysts predict NVIDIA will have an EPS of 2.77 for the current fiscal year.

NVIDIA Dividend Announcement

The company has also announced a quarterly dividend, paid on December 27th. Shareholders who were on record as of December 5th received a dividend of $0.01 per share. The ex-dividend date was the same day, representing an annualized dividend of $0.04, yielding a low 0.03%. NVIDIA's current dividend payout ratio is approximately 1.57%.

Analyst Ratings and Forecasts

NVIDIA has been recently discussed in multiple research analyst reports. Stifel Nicolaus raised their price target for NVIDIA shares from $165.00 to $180.00, maintaining a “buy” rating. Similarly, JPMorgan Chase & Co. lifted their target from $155.00 to $170.00, also assigning an “overweight” rating. DA Davidson changed their target from $90.00 to $135.00 with a “neutral” rating, while Deutsche Bank increased their price target from $115.00 to $140.00 classification as “hold.” Bank of America gave NVIDIA a “buy” rating with a price target set at $190.00. Overall, four analysts have rated the stock as a hold, while thirty-eight consider it a buy, and two analysts have issued a strong buy rating. According to MarketBeat, the average rating for NVIDIA is “Moderate Buy,” with a consensus price target of $166.23.

In other corporate news, NVIDIA’s Executive Vice President Ajay K. Puri sold 36,462 shares on January 6th, with those shares fetching an average price of $151.10, totaling more than $5.5 million. After this transaction, the executive holds approximately 3,902,888 shares valued at about $589.7 million. Additionally, Director John Dabiri sold 716 shares in November at an average price of $142.00, totaling around $101,672. This transaction decreased his stake by 3.47%. Over the last three months, insiders have sold a total of 1,108,348 shares worth about $146.5 million, representing 4.23% of the company’s stock held by insiders.

About NVIDIA Corporation

NVIDIA Corporation specializes in providing graphics, computing, and networking solutions globally. The company’s Graphics segment offers GeForce GPUs aimed at gaming and PCs, streaming services through GeForce NOW, Quadro/NVIDIA RTX GPUs for workstations, and automotive platforms for infotainment systems. Furthermore, NVIDIA provides software tools for building and operating metaverse applications.

NVIDIA, Investment, Shares