StrongBox Wealth LLC Has $2.84 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

StrongBox Wealth LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,151 shares of the computer hardware maker’s stock after buying an additional 284 shares during the period. NVIDIA accounts for 1.2% of StrongBox Wealth LLC’s holdings, making the stock its 29th largest holding. StrongBox Wealth LLC’s holdings in NVIDIA were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. MPS Loria Financial Planners LLC boosted its position in NVIDIA by 8.6% in the fourth quarter. MPS Loria Financial Planners LLC now owns 13,871 shares of the computer hardware maker’s stock valued at $1,863,000 after buying an additional 1,103 shares in the last quarter. Heritage Family Offices LLP raised its stake in shares of NVIDIA by 111.9% during the fourth quarter. Heritage Family Offices LLP now owns 4,302 shares of the computer hardware maker’s stock valued at $578,000 after acquiring an additional 2,272 shares during the last quarter. Financial Enhancement Group LLC raised its stake in shares of NVIDIA by 852.6% during the fourth quarter. Financial Enhancement Group LLC now owns 53,233 shares of the computer hardware maker’s stock valued at $7,092,000 after acquiring an additional 47,645 shares during the last quarter. Flywheel Private Wealth LLC bought a new position in shares of NVIDIA during the fourth quarter valued at $487,000. Finally, Rovin Capital UT ADV raised its stake in shares of NVIDIA by 32.4% during the fourth quarter. Rovin Capital UT ADV now owns 14,500 shares of the computer hardware maker’s stock valued at $1,947,000 after acquiring an additional 3,548 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. Insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 3.7 %

Shares of NVIDIA stock opened at $120.07 on Monday. The stock has a fifty day moving average price of $136.58 and a 200-day moving average price of $129.33. 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 firm has a market cap of $2.94 trillion, a PE ratio of 47.25, a P/E/G ratio of 2.23 and a beta of 1.64. NVIDIA Co. has a 1 year low of $60.70 and a 1 year high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued 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. The company had revenue of $35.08 billion for 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 firm’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given 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 1.57%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NVDA. Wells Fargo & Company raised their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Needham & Company LLC raised their price target 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. UBS Group lifted their target price on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Melius Research lifted their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

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.