Jeppson Wealth Management LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Jeppson Wealth Management LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,758 shares of the computer hardware maker’s stock after buying an additional 371 shares during the quarter. NVIDIA accounts for about 3.8% of Jeppson Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Jeppson Wealth Management LLC’s holdings in NVIDIA were worth $10,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Everhart Financial Group Inc. lifted its stake in shares of NVIDIA by 8.9% during the 3rd quarter. Everhart Financial Group Inc. now owns 182,853 shares of the computer hardware maker’s stock worth $22,206,000 after buying an additional 14,868 shares during the last quarter. Fountainhead AM LLC grew its stake in shares of NVIDIA by 10.5% in the third quarter. Fountainhead AM LLC now owns 60,731 shares of the computer hardware maker’s stock valued at $7,375,000 after acquiring an additional 5,759 shares in the last quarter. FDx Advisors Inc. raised its stake in NVIDIA by 2.8% in the 3rd quarter. FDx Advisors Inc. now owns 30,156 shares of the computer hardware maker’s stock worth $3,662,000 after purchasing an additional 833 shares in the last quarter. Northwest Wealth Management LLC boosted its holdings in NVIDIA by 0.8% in the 3rd quarter. Northwest Wealth Management LLC now owns 32,631 shares of the computer hardware maker’s stock valued at $3,963,000 after purchasing an additional 246 shares during the period. Finally, Lynx Investment Advisory grew its position in NVIDIA by 16.8% during the third quarter. Lynx Investment Advisory now owns 10,068 shares of the computer hardware maker’s stock worth $1,223,000 after buying an additional 1,448 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Needham & Company LLC boosted their price target on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. William Blair began coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Bank of America reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Barclays boosted their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.15.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the transaction, the director now owns 8,100,117 shares in the company, valued at $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,351,886 shares of company stock worth $176,825,650 in the last three months. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $137.01 on Friday. The company’s 50 day simple moving average is $139.97 and its 200-day simple moving average is $127.90. The firm has a market cap of $3.36 trillion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a 12-month low of $47.32 and a 12-month high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

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

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.