Wealth Effects LLC Increases Position in NVIDIA Co. (NASDAQ:NVDA)

Wealth Effects LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,746 shares of the computer hardware maker’s stock after purchasing an additional 825 shares during the quarter. NVIDIA accounts for approximately 4.6% of Wealth Effects LLC’s investment portfolio, making the stock its 3rd biggest holding. Wealth Effects LLC’s holdings in NVIDIA were worth $12,255,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Sapient Capital LLC acquired a new position in NVIDIA during the fourth quarter worth $30,664,000. Round Rock Advisors LLC increased its holdings in NVIDIA by 8.6% during the fourth quarter. Round Rock Advisors LLC now owns 1,064 shares of the computer hardware maker’s stock worth $527,000 after buying an additional 84 shares during the last quarter. Arbor Investment Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth $214,000. Morton Brown Family Wealth LLC increased its holdings in NVIDIA by 14.4% during the fourth quarter. Morton Brown Family Wealth LLC now owns 398 shares of the computer hardware maker’s stock worth $197,000 after buying an additional 50 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its holdings in NVIDIA by 28.5% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 5,777 shares of the computer hardware maker’s stock worth $2,862,000 after buying an additional 1,281 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wolfe Research boosted their target price on shares of NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. KeyCorp upped their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company upped their price objective on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Loop Capital began coverage on shares of NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective on the stock. Finally, Sanford C. Bernstein upped their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $940.30.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $762.00 on Friday. The business has a 50 day moving average of $844.71 and a 200-day moving average of $622.23. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company has a market capitalization of $1.91 trillion, a P/E ratio of 63.82, a P/E/G ratio of 1.22 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue was up 265.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, equities research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is presently 1.34%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.