Accurate Wealth Management LLC Has $11.60 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Accurate Wealth Management LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,323 shares of the computer hardware maker’s stock after buying an additional 6,466 shares during the quarter. NVIDIA makes up 2.2% of Accurate Wealth Management LLC’s portfolio, making the stock its 5th largest position. Accurate Wealth Management LLC’s holdings in NVIDIA were worth $11,603,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NVDA. Quest Partners LLC bought a new position in NVIDIA in the second quarter valued at approximately $27,000. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA in the third quarter valued at $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA during the second quarter worth $31,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the fourth quarter valued at $34,000. Finally, West Financial Advisors LLC bought a new position in shares of NVIDIA in the 3rd quarter valued at about $36,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the business’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 completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last three months. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

NVDA opened at $120.07 on Friday. The firm has a 50 day moving average of $137.02 and a two-hundred day moving average of $129.37. The firm has a market capitalization of $2.94 trillion, a PE ratio of 47.25, a P/E/G ratio of 2.23 and a beta of 1.64. 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 Co. has a 12-month low of $60.70 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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 analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NVDA shares. Piper Sandler raised their target price on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Robert W. Baird increased their price target on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Phillip Securities reiterated an “accumulate” rating and issued a $160.00 price objective (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Finally, Bank of America restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $166.23.

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.