Capital Advisors Wealth Management LLC Buys 1,269 Shares of NVIDIA Co. (NASDAQ:NVDA)

Capital Advisors Wealth Management LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,244 shares of the computer hardware maker’s stock after acquiring an additional 1,269 shares during the period. NVIDIA accounts for about 1.3% of Capital Advisors Wealth Management LLC’s holdings, making the stock its 21st biggest position. Capital Advisors Wealth Management LLC’s holdings in NVIDIA were worth $7,284,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. JGP Wealth Management LLC grew its stake in NVIDIA by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 38,198 shares of the computer hardware maker’s stock worth $5,130,000 after buying an additional 287 shares in the last quarter. Inspirion Wealth Advisors LLC grew its stake in NVIDIA by 1.0% in the 4th quarter. Inspirion Wealth Advisors LLC now owns 9,719 shares of the computer hardware maker’s stock worth $1,362,000 after buying an additional 94 shares in the last quarter. Tallon Kerry Patrick purchased a new position in NVIDIA in the 4th quarter worth approximately $972,000. Beech Hill Advisors Inc. grew its stake in NVIDIA by 3.6% in the 4th quarter. Beech Hill Advisors Inc. now owns 11,117 shares of the computer hardware maker’s stock worth $1,493,000 after buying an additional 382 shares in the last quarter. Finally, Sanders Morris Harris LLC grew its stake in NVIDIA by 0.4% in the 4th quarter. Sanders Morris Harris LLC now owns 195,701 shares of the computer hardware maker’s stock worth $26,382,000 after buying an additional 691 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. Susquehanna boosted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Stifel Nicolaus boosted their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Melius Research boosted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Robert W. Baird boosted their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Price Performance

NVDA opened at $116.66 on Tuesday. 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 stock has a market capitalization of $2.86 trillion, a P/E ratio of 45.91, a P/E/G ratio of 2.16 and a beta of 1.64. The company’s 50-day simple moving average is $136.58 and its two-hundred day simple moving average is $129.41. NVIDIA Co. has a 52-week low of $66.25 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping 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 firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s quarterly revenue was up 93.6% on a year-over-year basis. As a group, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued 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 currently 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.