Global Wealth Management Investment Advisory Inc. Purchases 16,655 Shares of NVIDIA Corporation $NVDA

Global Wealth Management Investment Advisory Inc. boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 17.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,283 shares of the computer hardware maker’s stock after purchasing an additional 16,655 shares during the quarter. NVIDIA comprises 3.5% of Global Wealth Management Investment Advisory Inc.’s portfolio, making the stock its 2nd largest holding. Global Wealth Management Investment Advisory Inc.’s holdings in NVIDIA were worth $20,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. O Dell Group LLC raised its stake in shares of NVIDIA by 5.8% in the third quarter. O Dell Group LLC now owns 13,412 shares of the computer hardware maker’s stock worth $2,502,000 after acquiring an additional 737 shares during the last quarter. WealthPLAN Partners LLC increased its position in shares of NVIDIA by 19.0% in the third quarter. WealthPLAN Partners LLC now owns 109,991 shares of the computer hardware maker’s stock valued at $20,522,000 after acquiring an additional 17,525 shares during the last quarter. Midwest Capital Advisors LLC raised its holdings in NVIDIA by 1.3% during the third quarter. Midwest Capital Advisors LLC now owns 6,021 shares of the computer hardware maker’s stock worth $1,123,000 after acquiring an additional 80 shares in the last quarter. Plan Group Financial LLC grew its stake in shares of NVIDIA by 37.8% in the third quarter. Plan Group Financial LLC now owns 15,292 shares of the computer hardware maker’s stock valued at $2,853,000 after buying an additional 4,197 shares in the last quarter. Finally, Obermeyer Wealth Partners raised its holdings in shares of NVIDIA by 24.1% in the 3rd quarter. Obermeyer Wealth Partners now owns 450,584 shares of the computer hardware maker’s stock valued at $84,070,000 after purchasing an additional 87,358 shares during the period. Institutional investors own 65.27% of the company’s stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Tuesday, January 6th. Melius Research increased their price objective on shares of NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Seaport Research Partners increased their target price on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a report on Monday, November 17th. Truist Financial reissued a “buy” rating and set a $275.00 target price on shares of NVIDIA in a research report on Monday, December 29th. Finally, Wedbush boosted their price objective on NVIDIA from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $263.98.

View Our Latest Report on NVIDIA

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $191.13 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a fifty day moving average of $184.09 and a 200 day moving average of $182.54. The firm has a market cap of $4.64 trillion, a PE ratio of 47.43, a PEG ratio of 0.94 and a beta of 2.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s quarterly revenue was up 62.5% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Thursday, December 4th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $184.92, for a total value of $5,111,188.80. Following the sale, the chief financial officer owned 874,412 shares in the company, valued at approximately $161,696,267.04. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Debora Shoquist sold 69,840 shares of NVIDIA stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $177.85, for a total transaction of $12,421,044.00. Following the completion of the transaction, the executive vice president owned 1,424,603 shares in the company, valued at approximately $253,365,643.55. This trade represents a 4.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,611,474 shares of company stock worth $293,285,232. 4.17% of the stock is owned by insiders.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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