Journey Advisory Group LLC Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

Journey Advisory Group LLC has reduced its ownership in NVIDIA Co. (NASDAQ:NVDA) by 0.3% during the third quarter, as detailed in its latest filing with the Securities and Exchange Commission. After this sale, the institutional investor now holds 76,274 shares of NVIDIA, having sold 250 shares in the quarter. NVIDIA constitutes 1.1% of Journey Advisory Group LLC's overall portfolio, ranking it as the 25th largest position within their investments. The current value of Journey's stake in NVIDIA amounts to approximately $9,423,000, based on their recent SEC filing.

Several other institutional investors have also adjusted their stakes in NVIDIA recently. For instance, Christopher J. Hasenberg Inc made a new investment in NVIDIA during the third quarter valued at around $27,000. Similarly, Quest Partners LLC bought a new position in the second quarter, also valued at about $27,000. Additionally, the University of Texas Texas A&M Investment Management Co. purchased a new stake worth approximately $31,000 in the same quarter. West Financial Advisors LLC bought into NVIDIA in the third quarter with an investment of around $36,000, and DHJJ Financial Advisors Ltd. increased its position by 70% during this period, owning 340 shares valued at $41,000 after acquiring an additional 140 shares. Currently, institutional investors and hedge funds control about 65.27% of NVIDIA's stock.

Insider Trading Activities

In related insider activity, Donald F. Robertson, Jr., an insider at NVIDIA, sold 4,500 shares on December 13th at an average price of $135.28, totaling approximately $608,760. Following this transaction, Robertson retained 480,899 shares in the company with a value of around $65,056,016.72. This sale reflects a decrease of about 0.93% in Robertson's ownership. In another transaction, Director Tench Coxe sold 1 million shares on December 16th at an average price of $131.26, amounting to $131,260,000. After this trade, Coxe holds 28,671,360 shares, valued at approximately $3,763,402,713.60, marking a 3.37% decline in ownership. Over the past quarter, insiders have collectively sold 1,108,348 shares, totaling around $146,506,958, and currently, company insiders own about 4.23% of NVIDIA stock.

NVIDIA Stock Performance

The shares of NVIDIA opened at $140.11 on Friday. The company maintains a debt-to-equity ratio of 0.13 with a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA's market capitalization stands at $3.43 trillion, featuring a P/E ratio of 55.14 and a P/E/G ratio of 2.43. The average trading price over the past 50 days is $139.89, while the 200-day average is $128.54, indicating strong performance relative to previous periods. The stock has experienced fluctuations, with a 52-week low of $51.69 and a high of $153.13.

NVIDIA last announced its quarterly earnings results on November 20th, reporting an EPS of $0.81, exceeding analysts' estimates of $0.69 by $0.12. The company generated revenue of $35.08 billion, surpassing expectations of $33.15 billion. NVIDIA's return on equity is a remarkable 114.83%, with a net margin of 55.69%. Comparing to the prior year, the firm has witnessed a revenue growth of 93.6% as it recorded $0.38 in EPS during the same quarter last year. Analysts predict that NVIDIA will post an earnings per share of 2.78 for the current fiscal year.

NVIDIA's Dividend Update

NVIDIA recently announced a quarterly dividend, which was distributed on December 27th. Shareholders recorded on December 5th received a dividend of $0.01 per share, translating to an annualized dividend of $0.04 and a yield of 0.03%. The ex-dividend date was December 5th, and the company's current dividend payout ratio stands at 1.57%.

Analyst Recommendations

Analyst recommendations for NVDA have varied recently. Bank of America reiterated a "buy" stance and set a price target of $190.00 for NVIDIA shares in a note dated November 21st. Deutsche Bank raised its target for NVIDIA from $115.00 to $140.00, offering a "hold" rating on the stock. Similarly, Cantor Fitzgerald maintained an "overweight" rating, recommending a target price of $175.00. Morgan Stanley raised its price forecast from $150.00 to $160.00 with an "overweight" rating on November 11th. Furthermore, Redburn Atlantic initiated coverage with a "buy" rating, suggesting a target price of $178.00. Of note, four analysts give the stock a hold rating, while thirty-nine recommend buying, and only one analyst assigned a strong buy rating, reflecting a consensus of "Moderate Buy" with an average target price of $164.63.

NVIDIA Overview

NVIDIA Corporation provides graphics, compute, and networking technologies both domestically and internationally, including in regions such as the U.S., Taiwan, China, and Hong Kong. Its products include GeForce GPUs tailored for gaming and personal computing, the GeForce NOW gaming streaming service, and solutions for enterprise graphics workstations, along with various automotive and cloud-based visual computing solutions.

NVIDIA, Journey, Investors