PCG Wealth Advisors LLC Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

PCG Wealth Advisors LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,124 shares of the computer hardware maker’s stock after buying an additional 73 shares during the period. PCG Wealth Advisors LLC’s holdings in NVIDIA were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. Moody Lynn & Lieberson LLC boosted its holdings in NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares during the period. TrueMark Investments LLC purchased a new position in NVIDIA in the fourth quarter valued at $2,639,000. McLean Asset Management Corp boosted its holdings in NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 186 shares during the period. Shilanski & Associates Inc. boosted its holdings in 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 purchasing an additional 410 shares during the period. Finally, WealthPLAN Partners LLC boosted its holdings in NVIDIA by 14.3% in the fourth quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock valued at $3,931,000 after purchasing an additional 996 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVDA shares. Piper Sandler Companies lifted their target price on NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Wolfe Research lifted their target price on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their target price on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $910.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” 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 given a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Performance

NASDAQ NVDA opened at $795.18 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 business’s 50 day moving average is $846.17 and its two-hundred day moving average is $627.28. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The stock has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 66.60, a PEG ratio of 1.09 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. Research analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The firm 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. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at approximately $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 worth $52,689,898 in the last quarter. Company insiders own 3.99% of the company’s stock.

NVIDIA Company 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.