Retirement Wealth Solutions LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Retirement Wealth Solutions LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,241 shares of the computer hardware maker’s stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Defined Wealth Management LLC increased its holdings in NVIDIA by 10.9% in the 4th quarter. Defined Wealth Management LLC now owns 2,671 shares of the computer hardware maker’s stock worth $359,000 after buying an additional 262 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in NVIDIA by 11.7% in the fourth quarter. Cranbrook Wealth Management LLC now owns 5,952 shares of the computer hardware maker’s stock worth $799,000 after acquiring an additional 624 shares in the last quarter. Carderock Capital Management Inc. raised its position in NVIDIA by 3.0% in the 4th quarter. Carderock Capital Management Inc. now owns 55,115 shares of the computer hardware maker’s stock worth $7,401,000 after purchasing an additional 1,618 shares during the period. 25 LLC lifted its holdings in NVIDIA by 35.1% during the 4th quarter. 25 LLC now owns 7,601 shares of the computer hardware maker’s stock valued at $1,021,000 after buying an additional 1,975 shares in the last quarter. Finally, Sax Wealth Advisors LLC increased its position in NVIDIA by 6.3% during the 4th quarter. Sax Wealth Advisors LLC now owns 47,836 shares of the computer hardware maker’s stock valued at $6,424,000 after purchasing an additional 2,856 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA opened at $124.76 on Thursday. 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 $3.06 trillion, a price-to-earnings ratio of 49.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62. NVIDIA Co. has a 52-week low of $66.25 and a 52-week high of $153.13. The stock’s 50-day simple moving average is $135.83 and its 200 day simple moving average is $129.39.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a $0.01 dividend. 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 1.57%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Raymond James increased their price objective on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. Susquehanna raised their target price on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. HSBC lowered their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Morgan Stanley decreased their price objective on NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. 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, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $166.23.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction 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 $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last three months. 4.23% of the stock is owned by corporate insiders.

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.