NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by FOCUS Wealth Advisors LLC

FOCUS Wealth Advisors LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 110.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,670 shares of the computer hardware maker’s stock after purchasing an additional 11,390 shares during the period. NVIDIA makes up approximately 1.5% of FOCUS Wealth Advisors LLC’s portfolio, making the stock its 19th biggest holding. FOCUS Wealth Advisors LLC’s holdings in NVIDIA were worth $2,910,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Thrive Wealth Management LLC grew its holdings in NVIDIA by 5.2% during the fourth quarter. Thrive Wealth Management LLC now owns 35,298 shares of the computer hardware maker’s stock worth $4,740,000 after acquiring an additional 1,737 shares during the period. Ironwood Wealth Management LLC. grew its holdings in NVIDIA by 1.6% during the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 104 shares during the period. Scott Capital Advisors LLC grew its holdings in NVIDIA by 4.6% during the fourth quarter. Scott Capital Advisors LLC now owns 13,565 shares of the computer hardware maker’s stock worth $1,807,000 after acquiring an additional 598 shares during the period. Financial Freedom LLC grew its holdings in NVIDIA by 15.7% during the fourth quarter. Financial Freedom LLC now owns 8,028 shares of the computer hardware maker’s stock worth $1,078,000 after acquiring an additional 1,092 shares during the period. Finally, Mechanics Bank Trust Department grew its holdings in NVIDIA by 1.2% during the fourth quarter. Mechanics Bank Trust Department now owns 90,610 shares of the computer hardware maker’s stock worth $12,168,000 after acquiring an additional 1,103 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction that occurred 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 sale, the director now directly owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 in the last three months. 4.23% of the stock is owned by insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $129.84 on Monday. The firm has a market capitalization of $3.18 trillion, a P/E ratio of 51.10, a P/E/G ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. 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 business’s 50-day simple moving average is $135.31 and its 200-day simple moving average is $129.44.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue was up 93.6% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. Equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVDA shares. Wells Fargo & Company upped their price objective on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Truist Financial raised their price target on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC raised their price target on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research report on Wednesday, January 8th. Finally, DA Davidson raised their price target on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $166.23.

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.