NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by IHT Wealth Management LLC

IHT Wealth Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 625,609 shares of the computer hardware maker’s stock after purchasing an additional 79,606 shares during the period. NVIDIA comprises about 2.1% of IHT Wealth Management LLC’s portfolio, making the stock its 4th largest position. IHT Wealth Management LLC’s holdings in NVIDIA were worth $75,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ironwood Wealth Management LLC. increased its stake 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 worth $782,000 after purchasing an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. boosted its holdings in shares of NVIDIA by 900.0% in the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after buying an additional 3,240 shares during the period. Cohen Investment Advisors LLC increased its position in shares of NVIDIA by 42.4% during the second quarter. Cohen Investment Advisors LLC now owns 480 shares of the computer hardware maker’s stock worth $59,000 after acquiring an additional 143 shares in the last quarter. Callan Family Office LLC raised its holdings in shares of NVIDIA by 4,836.7% during the second quarter. Callan Family Office LLC now owns 18,710 shares of the computer hardware maker’s stock worth $2,311,000 after acquiring an additional 18,331 shares during the period. Finally, Liontrust Investment Partners LLP lifted its position in NVIDIA by 714.3% in the 2nd quarter. Liontrust Investment Partners LLP now owns 962,430 shares of the computer hardware maker’s stock valued at $118,899,000 after acquiring an additional 844,246 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on NVDA shares. Evercore ISI lifted their price target on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. DA Davidson lifted their target price on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. TD Cowen raised their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Susquehanna boosted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.27.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $133.57 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $139.49 and a 200 day simple moving average of $128.87. NVIDIA Co. has a 1-year low of $54.74 and a 1-year high of $153.13. The stock has a market cap of $3.27 trillion, a P/E ratio of 52.57, a PEG ratio of 2.45 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The company’s revenue was up 93.6% on a year-over-year basis. Research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced 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 is presently 1.57%.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. Corporate insiders own 4.23% 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.