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

Unique Wealth LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,629 shares of the computer hardware maker’s stock after purchasing an additional 3,428 shares during the quarter. NVIDIA accounts for approximately 1.1% of Unique Wealth LLC’s portfolio, making the stock its 21st largest holding. Unique Wealth LLC’s holdings in NVIDIA were worth $5,053,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NVDA. BCS Wealth Management boosted its position in NVIDIA by 9.7% during the fourth quarter. BCS Wealth Management now owns 21,309 shares of the computer hardware maker’s stock worth $2,862,000 after purchasing an additional 1,889 shares in the last quarter. Granite Bay Wealth Management LLC raised its stake in shares of NVIDIA by 15.3% during the 4th quarter. Granite Bay Wealth Management LLC now owns 12,810 shares of the computer hardware maker’s stock worth $1,720,000 after buying an additional 1,701 shares during the period. Tsfg LLC grew its stake in NVIDIA by 3.7% in the 4th quarter. Tsfg LLC now owns 63,264 shares of the computer hardware maker’s stock valued at $8,496,000 after acquiring an additional 2,272 shares during the period. Signet Financial Management LLC increased its holdings in NVIDIA by 27.0% in the 4th quarter. Signet Financial Management LLC now owns 23,742 shares of the computer hardware maker’s stock worth $3,188,000 after acquiring an additional 5,048 shares in the last quarter. Finally, PFW Advisors LLC purchased a new position in NVIDIA during the fourth quarter valued at $3,354,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird upped their target price on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Redburn Atlantic began coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target on the stock. Needham & Company LLC upped their price objective on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Susquehanna increased their price target on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $166.23.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following 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 1,108,348 shares of company stock valued at $146,506,958 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 4.3 %

NVDA stock opened at $123.43 on Thursday. NVIDIA Co. has a 12 month low of $60.70 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $3.02 trillion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The company has a fifty day moving average price of $137.91 and a 200 day moving average price of $129.44.

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

NVIDIA Dividend Announcement

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