NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Pacific Wealth Strategies Group Inc.

Pacific Wealth Strategies Group Inc. increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 301.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,994 shares of the computer hardware maker’s stock after purchasing an additional 19,525 shares during the quarter. NVIDIA accounts for about 2.0% of Pacific Wealth Strategies Group Inc.’s investment portfolio, making the stock its 18th largest holding. Pacific Wealth Strategies Group Inc.’s holdings in NVIDIA were worth $5,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Marquette Asset Management LLC grew its position in NVIDIA by 300.0% in the third quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker’s stock valued at $25,000 after acquiring an additional 90 shares in the last quarter. Global Trust Asset Management LLC grew its position in NVIDIA by 300.0% in the third quarter. Global Trust Asset Management LLC now owns 124 shares of the computer hardware maker’s stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. PrairieView Partners LLC grew its position in NVIDIA by 300.0% in the third quarter. PrairieView Partners LLC now owns 200 shares of the computer hardware maker’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Regency Capital Management Inc. DE acquired a new stake in NVIDIA in the first quarter valued at approximately $43,000. Finally, Perkins Coie Trust Co grew its position in NVIDIA by 151.7% in the third quarter. Perkins Coie Trust Co now owns 224 shares of the computer hardware maker’s stock valued at $46,000 after acquiring an additional 135 shares in the last quarter. 19.24% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. Raymond James raised their price target on shares of NVIDIA from $225.00 to $365.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 18th. They noted that the move was a valuation call. Truist upped their target price on NVIDIA from $360.00 to $389.00 and gave the company a “buy” rating in a report on Thursday, November 18th. KeyCorp increased their price objective on shares of NVIDIA from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, November 18th. Susquehanna increased their price objective on NVIDIA from $250.00 to $360.00 and gave the stock a “positive” rating in a report on Thursday, November 11th. Finally, Credit Suisse Group raised their target price on NVIDIA from $225.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, November 16th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $326.78.

Shares of NASDAQ:NVDA traded up $9.28 during midday trading on Thursday, hitting $326.74. 43,469,906 shares of the stock were exchanged, compared to its average volume of 34,447,004. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.33 and a current ratio of 5.80. NVIDIA Co. has a 52-week low of $115.67 and a 52-week high of $346.47. The business’s fifty day simple moving average is $248.30 and its two-hundred day simple moving average is $210.84. The company has a market capitalization of $814.24 billion, a PE ratio of 116.48, a P/E/G ratio of 4.45 and a beta of 1.46.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 40.88% and a net margin of 32.33%. During the same quarter last year, the business earned $0.60 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 3.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.05%. NVIDIA’s payout ratio is presently 5.70%.

In related news, Director Mark A. Stevens sold 58,000 shares of NVIDIA stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $342.58, for a total transaction of $19,869,640.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Persis Drell sold 10,000 shares of NVIDIA stock in a transaction that occurred on Friday, November 19th. The shares were sold at an average price of $326.65, for a total value of $3,266,500.00. The disclosure for this sale can be found here. Insiders sold 78,000 shares of company stock worth $25,222,940 over the last quarter. 4.47% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. 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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