Tyche Wealth Partners LLC Purchases New Position in NVIDIA Co. (NASDAQ:NVDA)

Tyche Wealth Partners LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,118 shares of the computer hardware maker’s stock, valued at approximately $5,011,000. NVIDIA makes up about 1.2% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Moody Lynn & Lieberson LLC grew its stake in NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after acquiring an additional 5,998 shares during the period. TrueMark Investments LLC acquired a new stake in NVIDIA in the 4th quarter worth about $2,639,000. McLean Asset Management Corp boosted its holdings in NVIDIA by 11.7% in the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after buying an additional 186 shares during the last quarter. Cornercap Investment Counsel Inc. raised its holdings in shares of NVIDIA by 5.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after acquiring an additional 209 shares during the last quarter. Finally, Shilanski & Associates Inc. lifted its position in shares of NVIDIA by 15.9% in the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after acquiring an additional 410 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a filing with the SEC, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated 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 in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 in the last ninety days. 3.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NVDA shares. DA Davidson upped their target price on shares of NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. The Goldman Sachs Group upped their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. TD Cowen raised their target price on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Wedbush restated an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Finally, Citigroup increased their price target on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Trading Up 3.7 %

NVDA opened at $826.32 on Friday. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 69.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. The business’s 50 day moving average is $851.37 and its two-hundred day moving average is $632.39. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 52 week low of $266.25 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced 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 for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. On average, research analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is currently 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.