1,534 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by Walker Financial Services Inc.

Walker Financial Services Inc. acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,534 shares of the computer hardware maker’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Astoria Portfolio Advisors LLC. lifted its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 92,704 shares of the computer hardware maker’s stock valued at $12,215,000 after buying an additional 884 shares during the period. Kera Capital Partners Inc. purchased a new position in NVIDIA in the fourth quarter worth $48,942,000. Smith Salley Wealth Management lifted its holdings in NVIDIA by 2.8% in the fourth quarter. Smith Salley Wealth Management now owns 652,556 shares of the computer hardware maker’s stock valued at $87,632,000 after acquiring an additional 17,787 shares during the period. Financial Management Professionals Inc. boosted its position in shares of NVIDIA by 10.9% during the 4th quarter. Financial Management Professionals Inc. now owns 22,950 shares of the computer hardware maker’s stock worth $3,082,000 after purchasing an additional 2,261 shares in the last quarter. Finally, TCP Asset Management LLC grew its stake in shares of NVIDIA by 6.7% during the 4th quarter. TCP Asset Management LLC now owns 9,137 shares of the computer hardware maker’s stock worth $1,227,000 after purchasing an additional 576 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler raised their price objective 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. Phillip Securities reiterated an “accumulate” rating and set a $160.00 price target (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Mizuho upped their price target on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Stifel Nicolaus raised their price objective on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 716 shares of the 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 sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % 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 worth $146,506,958 over the last ninety days. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Up 0.9 %

NVDA stock opened at $129.84 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.18 trillion, a price-to-earnings ratio of 51.10, a PEG ratio of 2.16 and a beta of 1.62. The business has a fifty day simple moving average of $135.48 and a 200-day simple moving average of $129.35. NVIDIA Co. has a 52 week low of $66.25 and a 52 week high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during 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 firm’s revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.