WESPAC Advisors SoCal LLC Acquires 522 Shares of NVIDIA Co. (NASDAQ:NVDA)

WESPAC Advisors SoCal LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,301 shares of the computer hardware maker’s stock after purchasing an additional 522 shares during the quarter. NVIDIA comprises 3.1% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 10th biggest position. WESPAC Advisors SoCal LLC’s holdings in NVIDIA were worth $10,549,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA in the 4th quarter valued at approximately $28,000. Peoples Financial Services CORP. bought a new position in shares of NVIDIA in the 3rd quarter valued at about $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA during the third quarter worth about $30,000. Quarry LP acquired a new stake in shares of NVIDIA in the 1st quarter valued at approximately $34,000. Finally, Compass Wealth Management LLC acquired a new position in NVIDIA during the fourth quarter worth $39,000. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Over 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 corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $860.01 on Tuesday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.15 trillion, a PE ratio of 72.03, a PEG ratio of 1.27 and a beta of 1.73. The firm has a 50 day moving average of $834.27 and a 200-day moving average of $613.81. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Argus increased their price target on shares of NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Mizuho lifted their price target on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. CICC Research assumed coverage on NVIDIA in a research note on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of NVIDIA in a research report on Tuesday, February 20th. Finally, Oppenheimer boosted their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $926.30.

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.