Insight Wealth Strategies LLC Has $4.51 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Insight Wealth Strategies LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,602 shares of the computer hardware maker’s stock after buying an additional 659 shares during the quarter. Insight Wealth Strategies LLC’s holdings in NVIDIA were worth $4,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Doliver Advisors LP increased its stake in shares of NVIDIA by 0.3% in the 4th quarter. Doliver Advisors LP now owns 41,914 shares of the computer hardware maker’s stock valued at $5,629,000 after buying an additional 116 shares during the period. Iowa State Bank boosted its holdings in NVIDIA by 1.3% in the fourth quarter. Iowa State Bank now owns 88,401 shares of the computer hardware maker’s stock valued at $11,871,000 after acquiring an additional 1,145 shares during the last quarter. Bard Financial Services Inc. increased its position in NVIDIA by 1.5% in the fourth quarter. Bard Financial Services Inc. now owns 82,000 shares of the computer hardware maker’s stock worth $11,012,000 after purchasing an additional 1,175 shares during the period. O Connor Financial Group LLC raised its holdings in NVIDIA by 1.5% during the 4th quarter. O Connor Financial Group LLC now owns 6,891 shares of the computer hardware maker’s stock worth $925,000 after purchasing an additional 101 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. lifted its position in NVIDIA by 1.5% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 120,425 shares of the computer hardware maker’s stock valued at $16,172,000 after purchasing an additional 1,819 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. HSBC cut their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Mizuho upped their price target on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Robert W. Baird lifted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.63.

Get Our Latest Report on NVDA

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $142.62 on Friday. NVIDIA Co. has a 12-month low of $60.57 and a 12-month high of $153.13. The company’s 50 day moving average price is $138.71 and its two-hundred day moving average price is $129.47. The firm has a market cap of $3.49 trillion, a PE ratio of 56.13, a PEG ratio of 2.65 and a beta of 1.64. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the previous year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is presently 1.57%.

About NVIDIA

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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