National Wealth Management Group LLC Has $4.89 Million Position in NVIDIA Co. (NASDAQ:NVDA)

National Wealth Management Group LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,253 shares of the computer hardware maker’s stock after buying an additional 679 shares during the period. NVIDIA accounts for approximately 3.3% of National Wealth Management Group LLC’s holdings, making the stock its 7th biggest position. National Wealth Management Group LLC’s holdings in NVIDIA were worth $4,888,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Lantz Financial LLC grew its stake in shares of NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after acquiring an additional 36,774 shares during the last quarter. Ironwood Wealth Management LLC. grew its position in NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after purchasing an additional 5,695 shares during the last quarter. Planned Solutions Inc. increased its stake in NVIDIA by 775.0% during the 2nd quarter. Planned Solutions Inc. now owns 11,620 shares of the computer hardware maker’s stock valued at $1,436,000 after purchasing an additional 10,292 shares in the last quarter. Family Firm Inc. raised its holdings in NVIDIA by 900.6% in the second quarter. Family Firm Inc. now owns 53,191 shares of the computer hardware maker’s stock worth $6,571,000 after buying an additional 47,875 shares during the last quarter. Finally, Advisory Resource Group lifted its stake in shares of NVIDIA by 793.6% in the second quarter. Advisory Resource Group now owns 16,604 shares of the computer hardware maker’s stock worth $2,051,000 after buying an additional 14,746 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Susquehanna raised their price target on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Evercore ISI boosted their price target on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Tuesday, January 7th. UBS Group boosted their target price on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group upped their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.63.

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated 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 approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value 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. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $135.91 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $3.33 trillion, a price-to-earnings ratio of 53.49, a P/E/G ratio of 2.43 and a beta of 1.64. The firm has a fifty day moving average price of $139.90 and a 200 day moving average price of $128.70. NVIDIA Co. has a fifty-two week low of $53.56 and a fifty-two week high of $153.13.

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

NVIDIA Dividend Announcement

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

About NVIDIA

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.