BankPlus Wealth Management LLC Buys 3,023 Shares of NVIDIA Corporation $NVDA

BankPlus Wealth Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 33.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,178 shares of the computer hardware maker’s stock after acquiring an additional 3,023 shares during the quarter. NVIDIA comprises approximately 1.3% of BankPlus Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. BankPlus Wealth Management LLC’s holdings in NVIDIA were worth $2,272,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NVDA. Websterrogers Financial Advisors LLC raised its position in shares of NVIDIA by 2.6% during the third quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock worth $395,000 after acquiring an additional 54 shares during the last quarter. Helen Stephens Group LLC increased its position in NVIDIA by 3.9% in the third quarter. Helen Stephens Group LLC now owns 1,483 shares of the computer hardware maker’s stock worth $277,000 after purchasing an additional 56 shares during the period. Morton Brown Family Wealth LLC raised its holdings in NVIDIA by 1.5% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock worth $621,000 after purchasing an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC lifted its position in NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock valued at $3,302,000 after purchasing an additional 58 shares during the period. Finally, Alpha Wealth Funds LLC lifted its position in NVIDIA by 1.3% during the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock valued at $732,000 after purchasing an additional 59 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

NVIDIA Price Performance

NASDAQ NVDA opened at $188.60 on Wednesday. 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 stock has a market cap of $4.58 trillion, a price-to-earnings ratio of 46.80, a PEG ratio of 0.58 and a beta of 2.31. The business has a 50 day simple moving average of $184.43 and a 200 day simple moving average of $183.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating 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 company had revenue of $57.01 billion during 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% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were issued a dividend of $0.01 per share. 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 is 0.99%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NVDA shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, January 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $240.00 target price (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Melius Research raised their price target on NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Arete Research lifted their price objective on NVIDIA from $244.00 to $261.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, New Street Research reiterated a “buy” rating and issued a $307.00 price objective on shares of NVIDIA in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $263.98.

Read Our Latest Analysis on NVIDIA

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total transaction of $4,856,900.80. Following the completion of the transaction, the chief financial officer directly owned 846,772 shares in the company, valued at approximately $148,794,775.84. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 222,500 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $180.17, for a total value of $40,087,825.00. Following the completion of the sale, the director owned 7,621,453 shares in the company, valued at $1,373,157,187.01. The trade was a 2.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,611,474 shares of company stock worth $291,731,692. Company insiders own 4.17% of the company’s stock.

About NVIDIA

(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.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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